Thursday, July 10, 2008
Amsterdam, the Netherlands – Ahold today announced a number of important changes to its corporate and operating company leadership.
Lawrence Benjamin, Chief Operating Officer Ahold USA, has been nominated by the Supervisory Board for appointment to the Ahold Corporate Executive Board. His appointment will be proposed at the next General Meeting of Shareholders.
Carl Schlicker, current President and CEO of Giant-Carlisle, has been appointed President and CEO of Stop & Shop/Giant-Landover, succeeding José Alvarez.
Sander van der Laan, current Executive Vice President Marketing and Merchandising for Albert Heijn, has been appointed President and CEO of Giant-Carlisle, succeeding Schlicker. Schlicker and van der Laan will report to Benjamin.
José Alvarez, current President and CEO of Stop & Shop/Giant Landover, has been appointed Executive Vice President Global Business Development, reporting to Ahold CEO John Rishton.
Albert Voogd, current Executive Vice President Sales and Services at Albert Heijn, has been appointed Executive Vice President Marketing and Merchandising at Albert Heijn, succeeding van der Laan.
Cees van Vliet, currently responsible for Format Management at Albert Heijn, has been appointed Executive Vice President Sales and Services, succeeding Voogd.
Voogd and van Vliet will report to Dick Boer, Chief Operating Officer Ahold Europe.
“I am very pleased to announce these changes,” said John Rishton, CEO of Ahold. “Larry will strengthen the Corporate Executive Board and his nomination underscores the importance of the U.S. market to Ahold. These appointments will help accelerate the transfer of knowledge across our businesses. We have chosen to make these changes as the Value Improvement Program expands beyond price repositioning. At Ahold, our global strategic focus continues to be the transformation of all of our banners into powerful consumer brands.”
Ahold Press Office: +31 (0)20 509 5291
This press release includes forward-looking statements, which do not refer to historical facts but refer to expectations based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those included in such statements. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results included in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Ahold's ability to control or estimate precisely, such as the effect of general economic or political conditions, fluctuations in exchange rates or interest rates, increases or changes in competition, Ahold's ability to implement and complete successfully its plans and strategies, the benefits from and resources generated by Ahold's plans and strategies being less than or different from those anticipated, changes in Ahold's liquidity needs, the actions of competitors and third parties and other factors discussed in Ahold's public filings. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Koninklijke Ahold N.V. - which is its statutory name - does not assume any obligation to update any public information or forward-looking statement in this release to reflect subsequent events or circumstances, except as may be required by applicable securities law.