The move follows KPN’s decision to withdraw the planned appointment of Dominique Leroy as CEO.
Farwerck, currently interim Chairman of the Board of Management, has been a member of the Board of Management since 2013 and is currently CCO, a role he has fulfilled since 2014.
Farwerck can assume the role of Chairman and CEO as part of his current board membership, the Supervisory Board intends to appoint him for a new four-year term as of 1 December 2019 to further ensure longer-term continuity in the Board of Management.
Duco Sickinghe, Chairman of the Supervisory Board: “With Joost assuming the role of CEO, the Supervisory Board is pleased to appoint an experienced telecommunications professional. He has been a member of the Board since April 2013 and is part of the leadership team that shaped the 2019-2021 strategy. Joost knows the company inside out and the environment the company is operating in. With Joost as CEO, the Supervisory Board is convinced that we will make good progress on the further development and execution of KPN’s strategy.”
Joost Farwerck, as of today CEO of KPN: “It is with pleasure that I assume the role of CEO of this great company which focuses on offering high speed connections to consumers, businesses and Dutch society. KPN is a company with a realistic strategy in place to perform in the competitive Dutch market. My primary focus will be to deliver on that strategy and explore how we can accelerate the execution even more to deliver organic sustainable growth. We have a great team and a lot of dedicated people in the company. I am eager to work with all of them to execute on that strategy.”
The Supervisory Board also announces its intention to appoint Chris Figee as CFO)as of 1 February 2020. Chris Figee, currently CFO at ASR Netherlands, succeeds Jan Kees de Jager who, after more than five years as CFO of KPN, is stepping down from his role and leaving KPN to continue his entrepreneurial career. De Jager will remain member of the Board until 1 March 2020 and will be available for the company thereafter in an advisory role to ensure a smooth transition.
Duco Sickinghe on the CFO transition: “We are pleased Chris Figee is joining KPN as CFO. Chris is a driven people-leader with a wealth of experience in finance, strategy and financial markets. He is also recognized as a seasoned CFO with a solid track record and in his recent interactions with the Board, Chris proved to be able to quickly grasp the insights of the telco sector. The Supervisory Board is confident that he will positively contribute to the further execution of KPN’s strategy and cost management performance in the 2019-2021 period. We also take this opportunity to thank Jan Kees for his five years of leadership and contribution to KPN. He has made a strong contribution to the simplification of the company and its finance function. We wish Jan Kees every success with his future endeavours.”
Jan Kees de Jager, CFO of KPN: “I am proud to have been part of building a more sustainable future of the company and confident that KPN is very well positioned to execute on its strategic initiatives. And while I am looking forward to pursuing new international entrepreneurial opportunities, I am committed to ensuring a seamless transition.”