Belgian police searched the home and office of Dominique Leroy, the incoming chi...
FILE PHOTO: Dominique Leroy, chief executive officer of Belgian telecoms group Proximus, presents the company's 2015 results during a news conference in Brussels, Belgium February 26, 2016. REUTERS/Yves Herman/File Photo
Belgium’s stock market watchdog FSMA said on Sept. 6 it was looking into Leroy’s share transaction as part of a “standard procedure.” The watchdog’s investigation, which could lead to a fine, is separate to the police probe. Proximus, Belgium’s largest telecoms company in which the state has a 53.3% stake, had no immediate comment.
Paul Koster, director and spokesman for Dutch shareholders’ rights association VEB, said the VEB believed Leroy should not begin her new appointment until the situation has been resolved, though it was impossible to say whether she did anything wrong. KPN had trumpeted Leroy’s appointment, as she had been seen as a leading candidate for top jobs at bigger firms. Leroy, 54, rose through the ranks at Unilever for two decades before moving to Proximus in 2011 and becoming CEO there in 2014.
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