Ahold Delhaize CEO Dick Boer leaves

  • Push-out Score suggests push-out forces
  • After about two years in the position
  • Accolades, praise and thanks for Boer
  • Frans Muller taking over
  • Boer spoke at length and said 87 words

(exechange) — Zaandam, The Netherlands, April 5, 2018 — Dick Boer, chief executive of Ahold Delhaize, leaves. As announced by Koninklijke Ahold Delhaize N.V. in a news release on Thursday, April 5, 2018, Dick Boer leaves his post as Chief Executive Officer at the food retail group after about two years in the position, effective July 1, 2018.

Boer’s duties will be taken over by Frans W. H. Muller, most recently Deputy CEO and Chief Integration Officer of Koninklijke Ahold Delhaize N.V.

“Ahold Delhaize is now ready to move into its next phase”

A reason for Boer’s departure from the CEO post was not explicitly given. Mats Jansson, Chairman of the Supervisory Board, said: “Under Dick’s leadership, two leading food retailers were brought together in an historic merger. With this merger now being substantially completed, Ahold Delhaize is now ready to move into its next phase.”

Precise information about Boer’s future plans was not immediately available.

“Step down/retire”

Ahold Delhaize said: “Dick Boer will step down as CEO as of July 1, 2018 and retire from the company.”

Share price decline

The change follows a decline in the share price of Koninklijke Ahold Delhaize N.V. since July 2016.

Chaired by Mats Jansson

Koninklijke Ahold Delhaize N.V. is chaired by Mats Jansson.

Mats Jansson has served as Chairman of Ahold Delhaize’s Supervisory Board since July 24, 2016, and is a member of its Governance and Nomination Committee. Prior to the merger between Ahold and Delhaize, he served as Chairman of Delhaize’s Board of Directors starting in 2012.

On April 5, 2018, Ahold Delhaize also announced that Mats Jansson will retire from the Supervisory Board after the AGM on April 11, 2018. Jan Hommen has been appointed Chairman of the Supervisory Board as of the same date. Johnny Thijs and Patrick De Maeseneire will also step down after having indicated that they are unable to continue the membership of the Supervisory Board with their other commitments.

Jan Hommen has been Vice Chairman of the Supervisory Board since July 2016. Prior to the merger, Hommen served as Chairman of Ahold’s Supervisory Board since 2013.

In the position of CEO since 2016

Dick Boer has served as Chief Executive Officer of Ahold Delhaize as from July 2016.

He will remain available as advisor of the company until mid 2019.

Prior to the merger between Ahold and Delhaize, he had served as CEO of Ahold, appointed by the Supervisory Board on September 29, 2010, with an effective date of March 1, 2011.

Before that, Boer had served as Chief Operating Officer Ahold Europe since November 6, 2006.

Boer joined Ahold in 1998 as CEO of Ahold Czech Republic and was appointed President and CEO of Albert Heijn in 2000.

In 2003, he became President and CEO of Ahold’s Dutch businesses and on May 3, 2007, shareholders appointed him to the Management Board.

Prior to joining Ahold, Boer spent more than 17 years in various retail positions for SHV Holdings N.V. in the Netherlands and abroad and for Unigro N.V.

Boer is a board member of the Consumer Goods Forum (CGF) and co-sponsor of the CGF Health and Wellness pillar.

He is a member of the advisory board of fashion retailer G-Star RAW.

At the World Economic Forum, he is governor of the Consumer Industries Community and steward of the Future of Health and Healthcare System.

Furthermore, Boer is a member of the supervisory board of the Royal Concertgebouw in the Netherlands.

Boer will work closely with Muller to ensure a smooth transition on July 1, 2018 and he will remain available as advisor to the Company until mid 2019.

Push-out Score suggests push-out forces

It is not completely certain what forces eventually triggered Dick Boer’s move.

The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the change.

Read the full story in the exechange report 15.2018 ($).