Troubled Dutch retailer Ahold has replaced the chief executive officer of its Brazilian supermarket chain Bompreco.
Ronald van Solt, a senior vice president at Ahold, is to replace Roberto Britto, who has been in charge of Bompreco for nearly a year.
The changeover has come amid Ahold’s attempt to withdraw from the Latin American market in order to pay off some of its €12bn (US$13.3bn) debt.
As well as the Bompreco supermarket chain, which has 119 stores, Ahold’s Brazilian assets include supermarket chain G Barbosa, with 32 stores, and the Hipercard credit card business.
US retail titan Wal-Mart, France’s Carrefour and Brazil’s Companhia Brasileira de Distribuicao have all expressed interest in Ahold’s Brazilian assets.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData