
Eelco Blok, CEO of KPN, will increase his share ownership in KPN through a market purchase of 50,000 shares. This purchase demonstrates his firm confidence in the future of the company. Currently Mr. Blok owns 115,875 shares in KPN.
KPN intends to sell Getronics International (with operations in Europe, APAC and LATAM) in two separate transactions, for an undisclosed consideration.
2011 results in line with outlook, 2012 to be transition year
KPN N.V.’s Chief Financial Officer and Board of Management member Carla Smits-Nusteling will leave the company per April 1 2012. Mrs Smits-Nusteling has informed the Supervisory Board that she has ultimately come to the conclusion that she does not agree with the internal governance of the company in the new executive structure.
KPN has reached agreement to sell its French mobile unit KPN France to Bouygues Telecom for an undisclosed consideration. The sale will be completed in the fourth quarter of 2011.
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