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TMCNet:  Ahold announces organizational changes in Europe

[January 16, 2014]

Ahold announces organizational changes in Europe

(Thomson Reuters ONE Via Acquire Media NewsEdge) Zaandam, the Netherlands - Ahold today announces organizational changes in its European business.

Following the formation of Ahold's Executive Committee in September 2013, Ahold Europe as a business division will no longer exist. The company will refocus its current Ahold Europe operations and its leadership on building the Albert Heijn business in the Netherlands and adjacent markets through its various formats and channels.

Executive Committee member Sander van der Laan will continue to lead Albert Heijn, and report to CEO Dick Boer. The company's Czech Republic business will report directly to CEO Dick Boer. will continue to report to Executive Committee Member and Chief Commercial Officer Hanneke Faber and remains an important area of growth for Ahold.

Dick Boer, CEO Ahold, said: "The food retail industry continues to evolve rapidly and we see significant opportunities for growth to cater for the changes in the way that our customers shop. Today's decision will bring management closer to running the business. By further strengthening the Albert Heijn brand in both the Netherlands as well as neighboring markets, combined with a growing omni-channel offering via Albert Heijn online, Albert Heijn pick-up points, and Albert Heijn to go, we will be better positioned to meet customer needs and accelerate future growth." Ahold will continue to pursue other important areas of growth within Europe such as further strengthening the market position of Albert in the Czech Republic, the roll-out of Albert Heijn and in Belgium, and Etos and Gall & Gall in the Netherlands.

At the same time, Ahold is continuing to look for ways to streamline and simplify the organization's support functions across the company, as part of its Simplicity program. This will ensure that the company can maintain and strengthen its successful market positions and continually reinvest resources in its customer proposition and organizational capabilities.

Ahold announces organizational changes in Europe: This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Ahold via GlobeNewswire [HUG#1755041]

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