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BREAKING NEWS

KPN names Farwerck new CEO after earlier candidate dropped; CFO will leave

KPN names Farwerck new CEO after earlier candidate dropped; CFO will leave
KPN logo is seen at its headquarters in Rotterdam, Netherlands, January 30, 2019. REUTERS/Piroschka van de Wouw/Files -
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PIROSCHKA VAN DE WOUW(Reuters)
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AMSTERDAM (Reuters) – Royal KPN NV, the Netherlands’ largest telecommunications company, said on Tuesday it will name Joost Farwerck as its new chief executive officer, a day after it dropped a previous candidate for the job.

Farwerck, who is currently the company’s Chief Operating Officer and acting CEO, replaces Maximo Ibarra, who left in June to lead Sky Italia.

On Monday, KPN dropped an earlier candidate to replace Ibarra, Belgian executive Dominique Leroy, over an insider trading investigation in Belgium.

Separately, KPN said its CFO, Jan Kees de Jager, would leave the company in March to be replaced by Chris Figee.

(Reporting by Toby Sterling; Editing by Shri Navaratnam)

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