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Liberty Global chief commercial officer to depart

Diederik Karsten is stepping down as Liberty Global PLC's executive vice president and chief commercial officer on July 1 in connection with a larger operating structure simplification.

Karsten is exiting the company after 14 years of service, according to a Form 8-K filed Jan. 15.

On Jan. 15, Karsten and Liberty Global unit Liberty Global BV entered into a settlement agreement with terms consistent with the company's Dutch legal framework.