Royal KPN CFO Steps Down

Royal KPN is now in the market for a new finance chief following the resignation of Eric Hageman. The company said that the departure of Hageman, who also served on the Dutch telecom's bard of management, was due to personal reasons. It stressed that it was "not related to working relationships or present circumstances at KPN." The resignation is effective immediately.

Hageman was tapped to be interim CFO in January 2012, graduating to permanent status in September of that year. At that time, he was also named to the board of management.

In the press release announcing the resignation, Royal KPN said it would "make a further announcement regarding the CFO role as soon as possible."

Last month, Royal KPN received a formal buyout offer from Latin American telecom giant America Movil of 2.40 euros ($3.16) per share. Royal KPN's American Depositary Receipts currently trade at $2.84 apiece.

The article Royal KPN CFO Steps Down originally appeared on

Fool contributor Eric Volkman has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story