Dutch operator KPN has appointed Eelco Blok to be the company's next CEO, succeeding retiring CEO Ad Scheepbouwer from 6 April 2011, after the company's annual shareholders meeting next year. Blok has also been named chairman of KPN's board of management from the same date. Blok has held different management positions since he first joined the KPN board of management in 2004 and played a key role in improving performance at KPN's Dutch organization, and furthering the company's Challenger strategy in Belgium and Germany. Until the April handover, Blok will take the position of COO and work closely with Scheepbouwer. Blok will receive an annual fixed compensation of EUR 800,000, as well as cash short-term incentives and a longer term incentive of conditional shares.
