KPN CEO Leaving Dutch Carrier to Run Comcast's Sky Italia
- Maximo Ibarra starting Sky Italia position on October 1
- Industry dealmaker had wanted to grow KPN through acquisitions
This article is for subscribers only.
Royal KPN NV Chief Executive Officer Maximo Ibarra is leaving the Dutch phone company less than two years into his job to run Comcast Corp.’s Italian pay-TV unit.
Ibarra, 50, was named CEO of Sky Italia on Tuesday and will assume the role on Oct. 1, according to a statement from the Italian company. Bloomberg News earlier on Tuesday reported that Ibarra was leaving KPN to take the Sky Italia position. Shares of KPN fell as much as 4% in early trading and closed down 1.8% in Amsterdam.