New CEO may have Acted with insider InformationThe administrative chaos at Ajax has reached a new low. The supervisory board led by Michael van Praag has suspended Alex Kroes with immediate effect.
The new CEO of Ajax is suspected by the commissioners of having purchased Ajax shares when he already knew that he would become the new general manager. In the press release, Ajax states: “The Supervisory Board learned that Kroes purchased more than 17,000 Ajax shares a week before the publication of his intended appointment on August 2, 2023. The Supervisory Board has obtained external legal advice, which shows that it is very likely that he has committed insider trading. Insider trading is a criminal offence.” In the press release, Ajax states: “The Supervisory Board learned that Kroes purchased more than 17,000 Ajax shares a week before the publication of his intended appointment on August 2, 2023. The Supervisory Board has obtained external legal advice, which shows that it is very likely that he has committed insider trading. Insider trading is a criminal offence.” Supervisory Board chairman Michael van Praag said in a response: “We are very unpleasantly surprised that this is now happening to Ajax, because this is very bad for the club and for everyone who cares about the club. The actions of Alex Kroes are not compatible with what we stand for with Ajax. The moment at which he bought the shares means that he was trading with insider information. A listed company cannot tolerate such a violation of the law, especially if it concerns the CEO. After careful deliberation, the Supervisory Board has come to the conclusion that Alex's position as a board member of Ajax is not tenable. I think it is important to add that the technical policy will continue with the people we have for it and on the path that Ajax has already taken with Alex.”
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