KPN Cancels Move to Hire Proximus’s Leroy as CEO Amid Probe
- Move comes after reports of probe into Leroy in Belgium
- KPN says it’s unclear how long Belgian procedures will take
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Royal KPN NV reversed a decision to hire Dominique Leroy, the former head of Belgian phone carrier Proximus SADP, as chief executive officer following reports of an investigation into her sales of shares at her old employer.
KPN said Sept. 5 that Leroy would leave the top job at Proximus to join the company as CEO at the start of December. Local media later reported that police conducted searches of Leroy’s home in relation to an investigation over possible insider trading. Since she stepped down from the top job at Proximus on Sept. 20, the most senior woman in European telecommunications now has no company to run.