Troubled Dutch retailer Ahold has replaced the chief executive officer of its Brazilian supermarket chain Bompreco.
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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.
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By GlobalData
