Vodafone, Liberty Global Name Jeroen Hoencamp as Netherlands JV CEO

By Ian Walker

LONDON--Vodafone Group PLC (VOD.LN) and John Malone's Liberty Global PLC (LBTYB) Tuesday appointed Jeroen Hoencamp Chief Executive and Ritchy Drost Chief Financial Officer of their 50-50 Netherlands joint venture business.

In a joint statement, the companies said Mr. Hoencamp's appointment will become effective Sept. 1, while Mr. Drost's appointment will be effective upon completion of the joint venture, which is still subject to approval by the relevant competition authorities.

Jeroen Hoencamp is currently chief executive of Vodafone U.K. He will be replaced in this role by Enterprise Chief Executive Nick Jeffery, said Vodafone, the world's second-largest mobile operator by subscribers after China Mobile Ltd.

Ritchy Drost is currently CFO of Ziggo, a position he has held since September 2015.

Additionally, Liberty Global said Ziggo Chief Executive Baptiest Coopmans will remain in his current post until completion of the transaction, after which he will join the supervisory board of the joint venture as one of Liberty Global's appointed directors.

In February, Liberty Global and Vodafone disclosed plans to combine their businesses in the Netherlands, a joint venture valued at roughly 3.5 billion euros ($3.87 billion), based on combined revenue and capital expenditure after integration costs.

The deal is expected to close by the year's end.

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

July 19, 2016 04:44 ET (08:44 GMT)

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