Royal KPN (NASDAQOTH:KKPNY) is now in the market for a new finance chief following the resignation of Eric Hageman. The company said that the departure of Hageman, who also served on the Dutch telecom's bard of management, was due to personal reasons. It stressed that it was "not related to working relationships or present circumstances at KPN." The resignation is effective immediately.

Hageman was tapped to be interim CFO in January 2012, graduating to permanent status in September of that year. At that time, he was also named to the board of management.

In the press release announcing the resignation, Royal KPN said it would "make a further announcement regarding the CFO role as soon as possible."

Last month, Royal KPN received a formal buyout offer from Latin American telecom giant America Movil of 2.40 euros ($3.16) per share. Royal KPN's American Depositary Receipts currently trade at $2.84 apiece.

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