KPN to Appoint Former Dutch Finance Minister De Jager as CFO

Jul 21, 2014 2:05 am ET

July 21 (Bloomberg) -- Royal KPN NV said it proposed to name Jan Kees de Jager, the former Dutch Finance Minister, as its chief financial officer as of Nov. 1.

De Jager was a member of the Dutch Cabinet from 2007 until 2012, first serving as deputy finance minister and from 2010 until 2012 as finance minister. De Jager also held positions at ISM eCompany, which he co-founded, KPN said.

“Jan Kees combines extensive financial experience with operational leadership in the technology sector,” Jos Streppel, chairman of KPN’s supervisory board, said in a statement today. De Jager’s contract will start Aug. 15 and he will assume responsibilities for the CFO role in November after a transition period, The Hague-based KPN said.

De Jager succeeds Steven van Schilfgaarde, who has been acting CFO since September 2013.

The Dutch government no longer owns a stake in KPN. Billionaire Carlos Slim’s America Movil SAB is KPN’s largest shareholder with a stake of about 25 percent, according to data compiled by Bloomberg.