Press release: Ahold organizes for growth
November 05 2009 - 2:05AM
Marketwired
Ahold today announced a series of changes in its European and US
businesses to create a strong platform for future growth.
The reorganization in both continents delineates the
responsibility for running operations, supporting the operations,
and business development. The changes will ensure a sharper focus
on local customer needs, provide efficient and effective support
functions in each continent, and a more robust approach to business
development. The changes will further simplify and standardize
processes and structure to ensure the company can integrate
acquisitions more easily, as it pursues its strategy for profitable
growth.
Dick Boer, the COO for Ahold Europe, member of the Corporate
Executive Board, and CEO of Ahold Netherlands, continues to be
responsible for all European activities and has appointed Sander
van der Laan to head Albert Heijn as its new general manager. Van
der Laan will return to the Netherlands from his current role at
Giant-Carlisle in the United States to start in January 2010.
Lawrence Benjamin, the COO for Ahold USA and member of the
Corporate Executive Board, continues to be responsible for all US
operations and has appointed Carl Schlicker as CEO of four newly
reorganized US Divisions - Stop & Shop New England, Stop &
Shop Metro New York, Giant-Landover and Giant-Carlisle.
Commenting on the global reorganization, Ahold's CEO John
Rishton said "The changes we have announced today build a strong
platform for future growth. We are further simplifying and
streamlining our businesses and will be able to provide even
greater focus on our customers. The changes will also allow Dick
Boer and Larry Benjamin to devote more time to growth opportunities
in existing and new markets."
Ahold Press Office: +31 20 509 5291
Ahold Investor Relations: +31 20 509 5216
Cautionary notice
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 include, but are
not limited to, statements as to delineation of responsibilities,
Ahold's sharper focus on local customer needs, support functions
and business development, integration of acquisitions and future
growth. These forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results to
differ materially from future results expressed or implied by 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. does not assume any
obligation to update any public information or forward-looking
statements (referred to) in this press release to reflect
subsequent events or circumstances, except as may be required by
securities laws. Outside the Netherlands, Koninklijke Ahold N.V.,
being its registered name, presents itself under the name of "Royal
Ahold" or simply "Ahold".
This announcement was originally distributed by Hugin. The
issuer is solely responsible for the content of this
announcement.
Press release: Ahold organizes for growth:
http://hugin.info/130711/R/1352713/327353.pdf
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