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Rishton Named CEO at Ahold

Ahold said Friday it had named John Rishton president and chief executive officer following a four-month stint as interim president and CEO. Succeeding Rishton as chief financial officer is Kimberly Ross, who had been deputy CFO.

November 19, 2007

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AMSTERDAM — Ahold here said Friday it had named John Rishton president and chief executive officer following a four-month stint as interim president and CEO. Succeeding Rishton as chief financial officer is Kimberly Ross, who had been deputy CFO. Ross was also nominated to join the corporate executive board. Rishton, 49, a former British Airways CFO who had joined Ahold in 2006, was known as a cost-cutting specialist who had pushed for Ahold to divest its weaker operations. In addition, Peter Wakkie, executive vice president and chief corporate governance counsel, has agreed to accept another term as a member of the corporate executive board, Ahold said.

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