Troubled Dutch retailer Ahold is reported to have suspended ten more executives linked to its US Foodservice unit.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The suspension are related to “violations of corporate policy”, but are not directly connected to the recent overstatements of earnings, Reuters reported, citing a source familiar with the situation.

Massive accounting irregularities that led to the company overstating earnings have already resulted in the departure of several senior executives.

As a result of the scandal, which erupted in February, the company has been conducting an internal investigation.

“The audit now is so exhaustive that every problem no matter how large or small is being discovered,” Reuters quoted the source as saying.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Ahold is expected to announce within the next few days the appointment of a new US Foodservice chief executive.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now