Dutch incumbent KPN will appoint Board member Eelco Blok as CEO on April 6, replacing Ad Scheepbouwer who leaves for undisclosed reasons.
Blok first joined KPN’s Board in 2004, and currently oversees its international operations. In the interim before…
Dutch incumbent KPN will appoint Board member Eelco Blok as CEO on April 6, replacing Ad Scheepbouwer who leaves for undisclosed reasons.
Blok first joined KPN’s Board in 2004, and currently oversees its international operations. In the interim before the April 2011 handover, he will serve as COO and work closely with Scheepbouwer to ensure a smooth transition.
“I have worked at close quarters with Eelco Blok for a number of years,” said Scheepbouwer.
“His understanding of this industry and of this company, its operations, strategy and its potential, both in the Netherlands and internationally, is unparalleled. I look forward to KPN’s continued success under his leadership.”
According to KPN, Blok will receive an annual fixed salary of E800,000. In addition to this, he is entitled to a performance-related short-term cash bonus with an “on-target” percentage of 90% basic salary. He will also be entitled to a long-term incentive of conditional shares that have an “on-target” percentage of 135%.
KPN was unable to comment before the press deadline.
