Getronics boss Klaas Wagenaar will get a golden handshake of €2.4m when the company is taken over by IT firm KPN according to KPN’s bidding documents, reports Wednesday’s Financieele Dagblad.
The figure is based on performance, number of years worked and ‘normal business practice’ says KPN.
On top of the pay-out for leaving Getronics, Wagenaar is set to get another €375,000 from his shares.
The three other management board members of Getronics will receive golden handshakes valued at a combined €3.7m, says the paper.
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