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BRUSSELS — Koninklijke Ahold N.V. and Delhaize Group on Monday announced establishment of an executive committee to oversee Ahold Delhaize, the supermarket operator to be created by the merger of the companies.
Koninklijke Ahold N.V. and Delhaize Group on Monday announced establishment of an executive committee to oversee Ahold Delhaize, the supermarket operator to be created by the merger of the companies.
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| Dick Boer, left, and Frans Muller |
The combined company would be among the five largest food retailers in the United States by market share. Executives expect the marriage to become official in mid-2016.
The executive committee will be comprised of members of a management board announced in June and four additional members announced today.
The additional members are:
• Marc Croonen, chief sustainability, transformation and communications officer.
• Hanneke Faber, chief e-commerce and innovation officer.
• Jan Ernst de Groot, chief legal officer.
• Abbe Luersman, chief human resources officer.
The role of the executive committee will be to "help shape and drive the company’s ambitions as a responsible and innovative retailer," the companies said in a statement.
The positions to be held by Croonen and Faber are newly created and will be overseen by a sustainability and innovation committee, according to the statement.
The management board consists of:
• Dick Boer, chief executive officer and chairman of the management board.
• Frans Muller, deputy CEO and chief integration officer.
• Jeff Carr, chief financial officer.
• Pierre Bouchut, chief operating officer, Europe.
• Kevin Holt, COO, United States.
• James McCann, COO, United States.
The management board will be responsible for the overall management and decision making of the new company and will have fiduciary responsibility toward the supervisory board and shareholders.
The future executive committee will be charged with the day-to-day management of the company.
"With a strong and balanced leadership team with representation from both companies, [the executive committee] exhibits the right combination of functional capabilities and retail experience to steer a company that will greatly expand its reach to deliver even more for the customers and communities it serves," the companies said. "The team will be well positioned to drive and support integration, while managing the businesses for continued customer service and commercial success."
The appointment of the future management board members and other important elements of the merger are subject to shareholder approval and regulatory clearance as well as other customary conditions, according to the companies.
