CEO of bpost sacked

Due to an investigation by the Belgian competition authority and poor recent financial results, bpost has sacked its CEO Jean Paul Avermaet with immediate effect.

The company announced, “The Board of Directors of bpost has decided with immediate effect to terminate its cooperation with Mr. Jean-Paul Van Avermaet as CEO and has decided to suspend Mr. Van Avermaet as Director of bpost in the interests of the company.“

Day to day management of the company have been transferred to the chairman of the board of directors, Francois Cornelis.

This week a number of directors of the Belgian postal operator signalled they no longer supported the CEO.

Van Avermaet is a key figure in an investigation by the Belgian government into suspected illegal cartels between security companies including Securitas, G4S and Series, prior to his appointment as CEO of bpost. The US Department of Justice is also involved in an antitrust investigation into the same events. In addition, bpost announced poor financial results for the financial year and it is believed that the Belgian government, the biggest shareholder in bpost, insisted on Van Avermaet’s dismissal over the weekend.

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