You are here
AMSTERDAM -- Ahold here said yesterday that its executive board has named Jose Alvarez to the position of president and c.e.o. of the Stop & Shop/Giant-Landover arena. He succeeds Marc Smith, who in February said he planned to retire. Smith will work closely with Alvarez for the next month as he transitions into his new role, the company said.
Alvarez, an industry veteran with more than 15 years of experience, joined Ahold in 2001, has served as the arena's s.v.p. logistics and v.p. strategic initiatives and, most recently, as e.v.p. of supply chain and logistics at Stop & Shop/Giant-Landover.
Alvarez previously worked at Stop & Shop's chief rival, Shaw's Supermarkets, where he held such positions as v.p. of grocery merchandising; and American Stores Co. and its subsidiary Jewel Food Stores, where he served as director of market research and category manager produce, in addition to holding various store management positions and carrying out assignments in developing strategic initiatives.
"Jose has a track record of delivering results by reinventing the way we do business," said Ahold president and c.e.o. Anders Moberg in a statement. "He has taken responsibility for difficult projects involving large-scale change, and has successfully led the management teams which have completed those projects. I'm confident that he will successfully manage the repositioning of Stop & Shop/Giant-Landover to enhance our market position in this arena."
In its latest quarterly financial report, Ahold posted a 5.5 percent decline in sales for the Stop & Shop/Giant-Landover Arena, which it attributed to tough competition and high operating costs. The company also launched a "value improvement program" for the embattled division.
In other Ahold News, Dutch prosecutors yesterday requested jail time for two former top executives at retail conglomerate Royal Ahold for their participation in the company's billion-dollar accounting scandal, according to published reports.
Prosecutors asked for 20-month sentences, with six months suspended, for both Cees van der Hoeven, ex-c.e.o., and former c.f.o. Michiel Meurs. The two resigned in the wake of the scandal, which broke in February 2003.