Ahold's CFO Kimberly Ross accepts a position outside the company, will leave retailer in November; international search for Kimberly's successor now underway

Graziela Medina Shepnick

AMSTERDAM, The Netherlands , May 23, 2011 (press release) – Ahold today announced that its Chief Financial Officer, Kimberly Ross, has accepted a position outside the company and will leave in November. She will remain active in her role until that date when she will become CFO of Avon, the New York based global beauty company.

Ahold CEO Dick Boer said: “Kimberly has played a major role at Ahold in the ten years she has been with us. Today we are a stable and financially sound company with a strong balance sheet. I would like to thank Kimberly for all she has achieved for us and I look forward to continuing to work with her in the months ahead as we look for her successor.”

René Dahan, Chairman of Ahold’s Supervisory Board said “On behalf of the Supervisory Board, I would like to thank Kimberly for her contribution to Ahold during her time with us. I, along with my fellow board members, express our appreciation and gratitude to her for her years of commitment and hard work. We wish her much luck in her new endeavor.”

Kimberly joined Ahold in September 2001. Since then she has held various senior positions in treasury, tax, and finance and has been Chief Financial Officer and a member of the Corporate Executive Board since November 2007.

An international search for Kimberly’s successor is now underway.

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