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Bpost's review shows non-compliance with policies, CEO leaves

(Reuters) -Belgian postal operator Bpost said on Friday that a previously announced review had revealed non-compliance with its policies and indications of non-compliance with...
Bpost's review shows non-compliance with policies, CEO leaves © Reuters. FILE PHOTO: The logo of Belgium's national postal deliverer bpost is pictured outside the company's headquarters in Brussels, Belgium, October 9, 2017. REUTERS/Francois Lenoir/File Photo

(Reuters) -Belgian postal operator Bpost said on Friday that a previously announced review had revealed non-compliance with its policies and indications of non-compliance with applicable laws, calling an end to its boss' mandate.

"The review has been extended to the current concession for the distribution of newspapers and periodicals in Belgium, which revealed elements that may indicate potential violations of applicable laws," the group said in a statement.

Bpost had communicated about it on Oct. 24.

The firm, whose shares were suspended earlier on Friday, added that the board and Chief Executive Officer Dirk Tirez had decided to "mutually terminate their collaboration", as well as with two other persons - which Bpost did not name.

"We are well aware of the gravity of the situation and that the trust of our customers and employees may be affected by these revelations," President of the Board Audrey Hanard said.

The company said it will search for a new CEO, without providing further details.

"I can assure you that operations wise it is running smoothly in all three business units," Hanard added.

Bpost cut last month its 2022 earnings forecast, warning that record low consumer confidence could hit volumes in the peak holiday season.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

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EUR/USD

1.0658

-0.0008 (-0.07%)

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GBP/USD

1.2475

-0.0015 (-0.12%)

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USD/JPY

157.91

+0.12 (+0.07%)

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AUD/USD

0.6469

-0.0003 (-0.05%)

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Neutral

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USD/CAD

1.3780

+0.0003 (+0.03%)

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EUR/JPY

168.32

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EUR/CHF

0.9808

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
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SJC 99,99%7,370/ 7,470
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