Troubled Dutch retail giant Ahold will not post a 2002 net loss despite it having to cut around €500m off its earnings of the last few years because of accounting irregularities, according to Ahold’s supervisory board chairman Henny de Ruiter.

In an interview with Dow Jones News, De Ruiter said he "ruled out a 2002 net loss."

He also said that the company is still working on finding a new CEO, although he didn’t rule out the possibility of appointing an interim chief executive at some point, before a permanent replacement for Cees van der Hoeven is found. Ahold has already appointed an interim chief financial officer.

The publication of Ahold’s 2002 results have been delayed following an announcement by the company that accounting irregularities had led to earnings being overstated by at least US$500m.