Royal KPN N.V.
Royal KPN N.V. Press Release: KPN to withdraw the intended appointment of
Mrs. Dominique Leroy as CEO of KPN
30-Sep-2019 / 07:30 CET/CEST
Royal KPN N.V. ("KPN") regrets to announce that Mrs. Dominique Leroy is no
longer a candidate in the process to become the Chief Executive Officer and
Chairman of the Board of Management of KPN.
The duration of the procedures which concern Mrs. Leroy by the authorities
in Belgium is unclear and unpredictable. The Supervisory Board of KPN
considers these uncertainties around timing not in the interest of KPN and
its stakeholders. For this reason, the Supervisory Board has taken the
decision to withdraw the intended appointment of Mrs. Leroy in the position
of CEO of KPN.
Chairman of KPN's Supervisory Board Mr. Duco Sickinghe: "This was a
difficult decision for the Supervisory Board given the track record of Mrs.
Dominique Leroy as a very accomplished executive. However, the uncertainty
around timing results in a situation, which the Supervisory Board considers
not in the interest of KPN. We wish her all the best."
As a consequence, the Extraordinary General Meeting of Shareholders -
scheduled for Monday 28 October 2019 - will not take place.
As announced on 5 September 2019, Mr. Joost Farwerck will temporarily assume
the position of Chairman of the Board of Management and Executive Committee.
The Supervisory Board is fully focused on the situation and expects to be
able to make a further announcement at short notice.
*For more information:*
KPN Royal Dutch Telecom
Investor Relations
Wilhelminakade 123
3072 AP Rotterdam
Tel: +31 (0)70 4460986
E-mail: ir@kpn.com
Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
End of Announcement - EQS News Service
881997 30-Sep-2019
(END) Dow Jones Newswires
September 30, 2019 01:30 ET (05:30 GMT)
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