Royal Ahold (NYSE: AHO), the international food retail and foodservice company, will seek approval from shareholders at its Annual General Meeting to be held on May 15 in The Netherlands, to appoint two new members to the Ahold Corporate Executive Board, William J. Grize, President/CEO Ahold USA-Retail and James L. Miller, President/CEO U.S. Foodservice.
The agreement of Ahold shareholders is required as they will also be asked at the same meeting to approve amendments to the Articles of Association concerning the so-called ‘structure regime’. This will allow shareholders to have more influence regarding the composition of Ahold’s Corporate Executive Board and Ahold’s Supervisory Board.
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Bill Grize (54) is an American national. He has a long experience in food retail with Ahold and, among other positions, was President & CEO of Stop & Shop. Jim Miller (52) is also an American national. He leads Ahold’s foodservice activities in the US. Following approval by shareholders, these appointments will be effective as per September 1, 2001.
As announced earlier, Robert G. Tobin (62), will retire from Ahold’s Corporate Executive Board. It is proposed that he becomes a member of the Supervisory Board. Roland Fahlin (62), who recently stepped down as Chairman of the ICA Group, has also been proposed as a new member of the Supervisory Board.
After approval by shareholders, Ahold’s Corporate Executive Board from September 1, 2001 will consist of the following members: Cees van der Hoeven (President/CEO), Michiel Meurs (CFO), Jan Andreae (Europe), Bill Grize (US-retail), Jim Miller (US-foodservice), Allan Noddle (Latin America/Asia) and Theo de Raad (special projects). It is expected that Allan Noddle will retire early 2002 as an Ahold Corporate Executive Board member. His responsibilities will be transferred to Theo de Raad.
Following approval of shareholders, the Ahold Supervisory Board, as of September 1, 2001 will consist of the following members: Henny de Ruiter (Chairman), Cor Boonstra, Roland Fahlin, Jos A. van Kemenade, Sir Michael Perry, Robert G. Tobin and Lodewijk J. R. de Vink.
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By GlobalDataNOT FOR PUBLICATION:
– A separate press release with highlights from the Annual Report is being forwarded to you today.
– Pictures of the new Corporate Executive Board members can be downloaded from the Ahold.com website. The Ahold press office can also e-mail or otherwise forward to you the images (tel. +31 75 659 5720).
– An invitation for the press meeting on the day of the Annual Meeting, May 15 in The Hague, follows later. It also invites you to attend the Annual Meeting as an observer.
– Copies of the Annual Report 2000 and Shareholders Meeting agenda are mailed to the media today.
Royal Ahold
Royal Ahold operates approximately 8,500 supermarkets, hypermarkets and other store formats in the United States, Europe, Latin America and Asia with consolidated 2000 sales of close to USD 50 billion (Euro 52.2 billion). The company also has a significant presence in the foodservice sector and is swiftly developing its position in internet-based home delivery. Ahold employs almost 420,000 associates and serves the food needs of over 35 million customers and more than 200,000 foodservice accounts in 25 countries every week. Ahold’s website can be found at www.ahold.com.
Royal Ahold press releases may contain ‘forward-looking’ statements. Actual results may differ from such statements as they may have been influenced by factors beyond the Company’s ability to control.
