Jeff Carr is expected to serve as CFO for Ahold from 12 November

Jeff Carr is expected to serve as CFO for Ahold from 12 November

Retail giant Ahold has named former Associated British Foods and Unilever executive Jeff Carr as its new CFO.

Carr who is expected to start his role on 12 November, will be responsible for Ahold's finance, real estate and IT functions. He will also manage the company's existing programme to lower costs by EUR350m (US$477.8) and "explore further ways to reduce costs and simplify the business," the company said.

He will succeed Kimberly Ross who announced her resignation in May to become CFO of beauty group Avon.

Carr, 49, is currently the finance director at UK-based transport operator FirstGroup. He joined the business in 2009 after four years at easyJet. He has also worked for Associated British Foods and Unilever.

"He has an impressive track record and broad experience in the consumer goods and services industry on both of the continents where Ahold operates," Ahold CEO Dick Boer said today (14 September). "Jeff has been CFO of listed companies since 2005, and has worked and lived in Europe and the US. His background and expertise in finance will help us to pursue our growth strategy."