Ahold USA made a number of executive changes on Wednesday, linking the shifts to its ongoing strategy of sharing services among its various chains and combining administrative functions to cut costs.
The changes were not linked to the accounting scandal that erupted at Ahold’s US Foodservice division when it revealed an overstatement of profits during a two year period totaling a half-billion dollars, forcing the resignations of Royal Ahold’s CEO and CFO.
The changes included:
Ahold USA did not say how much the moves would save the company.
The changes were not linked to the accounting scandal that erupted at Ahold’s US Foodservice division when it revealed an overstatement of profits during a two year period totaling a half-billion dollars, forcing the resignations of Royal Ahold’s CEO and CFO.
The changes included:
- Frank Curci, president and chief executive of Tops Markets in Buffalo, N.Y., was named chief operating officer of Giant Food Stores based in Landover, Md.
- As a part of the shared services concept between Giant of Carlisle, Pa., and Tops, Giant vice president of operations and merchandising Max Henderson has been named to the newly created position of executive vice president and general manager of Tops.
- Tony Schiano, currently Giant's president and CEO, was named president and CEO of the combined Giant and Tops organizations.
- Jeff Martin, senior vice president of perishable merchandising at Giant, will now oversee those operations for both Giant and Tops, while Sal Baio, senior vice president of perishable sales and merchandising, becomes senior vice president of sales and merchandising at Tops.
- John Bussenger, senior vice president, human resources for Giant, becomes executive vice president of human resources for the combined Giant and Tops operations.
Ahold USA did not say how much the moves would save the company.
- KC's View:
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So far, Ahold USA’s retailing operations have been isolated from the accounting problems that have plagued some of the company’s other operations.
We’re sure that even if these moves are linked to cutting costs and improving efficiency, the undercurrent in everything Ahold is doing lately is “keep your nose clean.”
