EU: Delhaize Europe chief quits
By Katy Askew | 7 October 2013
More change at the top for Delhaize
Belgium-based supermarket group Delhaize Group today (7 October) revealed that its European chief executive, Stéfan Descheemaeker, has resigned.
Descheemaeker will exit the company at the end of the month. No reason was given for his departure.
In a statement today (7 October), the company said that the news would mean Kostas Macheras, CEO of Delhaize's business in south east Europe, and Dirk Van den Berghe, CEO of Delhaize Belgium, would report directly to Delhaize's group CEO.
Delhaize has witnessed a number of executive changes at its senior management level. Former Metro executive Frans Muller was named group CEO last month. He will take the helm from outgoing chief executive Pierre-Olivier Beckers in November.
Following Muller's appointment, US CEO Roland Smith resigned from the company amid speculation that he was dissatisfied with being overlooked for the role as group CEO.
Commenting on today's news, Muller said his main priorities would be "building on the positive momentum of our European businesses to generate further progress"; working with CFO, Pierre Bouchut to "continue improving the focus and performance of the overall group"; and working directly with the US team while a new CEO is sought.
Click here to view just-food's analysis of the implications of Delhaize's management shake up.
Delhaize Group management changes
BRUSSELS, BELGIUM, October 7, 2013 - Delhaize Group (Euronext, Brussels: DELB, NYSE: DEG), the Belgian international food retailer, announced today that Stéfan Descheemaeker has decided to resign from his role as CEO of Delhaize Europe effective October 31, 2013.
Referring to Mr. Descheemaeker's departure, Delhaize Group CEO Pierre-Olivier Beckers said: "I want to thank Stéfan for his significant contributions to the success of Delhaize Europe and Delhaize Group. In both his former capacity as CFO and then as CEO of Delhaize Europe, Stéfan has been an energetic leader who raised the organization's focus on cash-flow generation and brought the company to a higher level of performance while steadfastly promoting the company values. I want to wish him well in his future endeavors."
As a result of Mr. Descheemaeker's resignation and departure, Delhaize Group is announcing the following organizational changes, all effective November 1, 2013:
- Kostas Macheras, Delhaize Group EVP, current member of the Group Executive Committee and CEO of Delhaize Group Southeast Europe (SEE) and Asia, will report directly to the Group CEO.
- Dirk Van den Berghe, CEO of Delhaize Belgium will report directly to the Group CEO.
Frans Muller, the incoming Group CEO said: "I look forward to working directly with both Kostas and Dirk to continue building on the positive momentum of our European businesses to generate further progress. Equally I look forward to partnering with our Group CFO, Pierre Bouchut, so that we can continue improving the focus and performance of the overall Group. This will be amongst my key priorities in addition to working directly with the Delhaize America team while I evaluate and search for the best candidate to fill the Delhaize America CEO role."
Original source: Delhaize
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EU: Delhaize Europe chief quits