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Paula Price, EVP and CFO of Carlisle, Pa.-based Ahold USA, has received the 2012 CFO of the Year Award in the public company category from the Boston Business Journal. Price was honored at the business publication’s annual luncheon on July 25.
“Paula is a pioneer in the grocery retail industry, using her extensive experience and knowledge of finance to assist our company in continuing to streamline operations and process,” said Ahold USA COO Carl Schlicker. “Her broad skill set and professionalism have inspired confidence and earned her great respect here within Ahold USA. I can’t think of a CFO more deserving of this honor.”
Price (left) joined Ahold in 2009 as CFO of Stop & Shop/Giant-Landover. When the company reorganized in 2009, she was promoted to her present position, in which she is responsible for the company’s U.S. finance, strategy and planning, real estate development and construction, and technology functions. As part of Ahold USA’s reorganization, Price has overseen $700 million in cost savings through process efficiencies and simplification, thereby enabling the company to reinvest in the business by funding well-defined sales efforts, customer loyalty and e-commerce initiatives.
As well as her Ahold USA duties, Price serves on the board of trustees of the Newton-Wellesley Hospital, board of overseers of the Museum of Fine Arts, Boston and, until it was sold in June 2012, served on the board of directors for Charming Shoppes Inc.
Part of Amsterdam-based international food retailing Ahold, Ahold USA supports four regional Divisions – Stop & Shop New England, Stop & Shop New York Metro, Giant Landover, and Giant Carlisle – that together operate more than 750 supermarkets with about 115,000 associates in 14 states and the District of Columbia, along with e-commerce grocery shopping and delivery service Peapod.