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Two more executives are out at Ahold's US Foodservice division, as a major shakeup at the accounting-challenged distributor continues.

CFO Michael Resnick and executive vice president/general counsel David Abramson submitted their resignations, effective immediately. Already this week, US Foodservice has seen the forced resignation of CEO James Miller who left the company under pressure from a supervisory board that is grappling with a corporate accounting scandal. US Foodservice has admitted accounting "irregularities" that resulted in an $880 million overstatement of profits over a two-year period.

Two other US Foodservice executives -- Mark P. Kaiser, chief marketing officer, and Timothy Lee, executive vice president for purchasing -- have been fired as a result of the scandal, though Kaiser's attorney has made statements accusing the company of making his client a scapegoat.

Former Stop & Shop CEO and Ahold USA CEO Robert Tobin has emerged from retirement to serve as interim CEO of US Foodservice.

The scandal also forced the resignations of Ahold Chief Executive Cees van der Hoeven and Chief Financial Officer Michael Meurs.

In addition, Ahold said that the internal investigation into US Foodservice's activities continues, as do the regulatory probes on both sides of the Atlantic.

In a related story, Kraft Foods co-CEO Roger Deromedi told Reuters that despite Ahold's continuing travails, the two companies are doing "business as usual."

"We continue to partner with them (U.S. Foodservice) and with the Ahold organization more broadly. They have many things they need to sort out for themselves but we continue to be good partners with them," Deromedi said.

"We do provide financial incentives to our retail and food service partners, but we feel very good about how we've managed those and accounted for those, and it's not something we're doing massive reviews on."
KC's View:
All these changes can put a new face on Ahold's US Foodservice operation, but the company still has to deal with myriad investigations and what they potentially can reveal about its accounting practices.