Ajax to keep Alex Kroes despite insider trading scandal, but won’t be CEO
by NL Times
NL Times— The Supervisory Board at Ajax has voted to keep Alex Kroes on as an executive, but only after he stepped down as their chief executive officer and executive board chair, the Amsterdam football club announced on Thursday. Kroes was suspended by the club after it emerged that he bought more than 17,000 publicly-traded shares in Ajax, a listed company, roughly one week before his appointment as CEO was made public.
DutchNews.nl—Alex Kroes agrees to stay on at Ajax as technical director. Ajax chairman Alex Kroes has agreed to step down as chairman of the board and move to the function of technical director, the Amsterdam football club said on Thursday, ending weeks of discussion about his future. Kroes was suspended at the beginning of April, just two weeks after taking up the reins after club bosses accused him of insider trading. Kroes bought 17,000 shares in the club a week before his appointment was announced on August 2 last year. He
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