Royal Ahold has denied a report on Dutch television that the company; former CEO, Cees van der Hoeven, has demanded a severance payment that is the equivalent of $5.4 million (US).
The forced resignation by van der Hoeven earlier this year came after the company’s US Foodservice division revealed that it had overstated profits by a half-billion dollars over a two-year period.
Ahold has said that van der Hoeven’s severance package will be determined by an impartial arbitrator.
The forced resignation by van der Hoeven earlier this year came after the company’s US Foodservice division revealed that it had overstated profits by a half-billion dollars over a two-year period.
Ahold has said that van der Hoeven’s severance package will be determined by an impartial arbitrator.
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