AMSTERDAM (reuters) – The chief executive of Dutch telecommunications company KPN, will leave in September for “family reasons” after only a little more than a year into the job, and go back to Italy, where he will take charge of the Sky Italia pay-television business.
FILE PHOTO: CEO Maximo Ibarra KPN, after the presentation of the financial results for the fourth quarter and the full year of 2018, in Rotterdam, the Netherlands, on January 30, 2019. REUTERS/Piroschka van de Wouw/File Photo
Maximo Ibarra, who had previously been chief executive of the Italian airline, Wind, Tre, came from KPN, in 2017, to his appointment as CEO in April 2018.
“I am sorry, for the time, but for family reasons, it gave me no choice,” said Ibarra, in a statement.
“I will devote the coming months to ensure a seamless transition to my successor.”
KPN’s certificate, said Ibarra, who has been in a Colombian-Italian, it would have to go back to Italy. He is the chief executive of Comcast’s and Sky Italia, two of the sources close to the matter said.
Ibarra will remain in company until the end of September and a replacement is being sought.
KPN said in a statement, the Italian executive decision and it was not associated with a widespread phone outage on Monday.
Shares in KPN, traded 2.8% lower, by 0725 GMT.
KPN has not yet identified the cause of Monday’s outage, which affected telecommunications in the Netherlands, and was the emergency service numbers that are useless for hours.
KPN has sold its international operations and now the only services on the Dutch market for the sale of bundles of telephony, internet and TV services to consumers and businesses.
Reporting by Toby Sterling; additional reporting by Elvira Pollina in Milan, italy.; Editing by, Louise Heavens and Keith Weir