CEO of Dutch arm of Deloitte resigns

AMSTERDAM (AP) — Deloitte Netherlands, the Dutch arm of the global accountancy firm Deloitte & Touche, says its chief executive has resigned after violating conflict of interest rules.

In a statement, the firm said Peit Hein Meester, 48, would immediately leave his job.

In reviews of his activities, "it appeared that there were moments of non-adherence to Deloitte's independence rules with respect to the keeping of financial interest in clients who were being audited."

Although he invested in companies Deloitte was auditing, Meester is not said to have handled their cases directly.

The incident was reported to financial watchdogs. Meester is being replaced by deputy CEO Peter Bommel on an interim basis.