Frits van Eerd loses voting rights as Jumbo shareholder - RetailDetail EU

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Supermarket chain Jumbo is ousting Frits van Eerd as a majority shareholder. As a result, he no longer has voting rights in the company. Last month, the former CEO was sentenced to two years in prison for money laundering, bribery, and forgery. He has appealed the conviction. Jumbo says it was decided "in close consultation" that Van Eerd will no longer have any control over the supermarket giant. Van Eerd's sisters, who have nothing to do with …

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Supermarket group Jumbo has stripped its convicted former CEO Frits van Eerd, who remains a majority shareholder, of all authority. Jumbo...

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Convicted former Jumbo CEO Frits van Eerd has decided, "in good consultation" with the supermarket group, to relinquish his voting rights and participation as a shareholder.

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Jumbo remained silent for a long time after the conviction of former CEO Frits van Eerd. Today, however, a response finally arrived. And it was quite a statement. The supermarket chain is immediately stripping Frits van Eerd of his shareholder rights and is also explicitly threatening to use heavy legal force if it turns out that the former CEO has harmed the company.