KPN to appoint CEO successor soon

KPN will soon name the person who will take current CEO Ad Scheepbouwer's place when he leaves the company next July.  

Scheepbouwer, who has led the Dutch service provider since the end of 2001, revealed in a Reuters' article that his replacement will be named prior to the announcement of its Q3 2010 earnings on Oct. 26.

His legacy at KPN will be that of a turnaround man.

Since taking over the company in November 2001, KPN's share price rose from a low of $2.50 in Q3 2001 following the burst of the Internet bubble when its stock traded at $93 to a little over $15.

Although KPN would not comment on any potential candidates, Belgium's Telenet Group Holding CEO Duco Sickinghe and Niek Jan van Damme of Deutsche Telekom have been cited in the Dutch press as possible heirs to KPN's CEO throne.

In addition, KPN is looking at its own internal candidates. According to a report in the De Telegraaf mass-circulation daily KPN's Managing Director International Eelco Blok and Managing Director Netherlands Baptiest Coopmans are also being considered.

For more:
- Reuters has this article

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