SOURCE: Ahold NV

November 16, 2007 01:30 ET

Ahold appointment of John Rishton as President and CEO

AMSTERDAM, NETHERLANDS--(Marketwire - November 16, 2007) - Ahold today announced the appointment of John Rishton as President and Chief Executive Officer. Rishton has been in the role of acting President and CEO since July 2007.

Ahold also announced today the appointment of Kimberly Ross, currently deputy Chief Financial Officer, as Chief Financial Officer, succeeding Rishton. She has been nominated by the Supervisory Board for appointment to the Ahold Corporate Executive Board and will assume her responsibilities as acting Executive Board member with immediate effect.

Rishton's appointment as President and CEO and Ross' appointment as CFO take effect immediately.

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.

René Dahan, Chairman of Ahold's Supervisory Board, said today: "After careful consideration, the Supervisory Board unanimously reached the conclusion that John is the right individual to lead Ahold into the future. John has the skills, capabilities, and knowledge of Ahold, necessary to drive Ahold's strategy for sustainable profitable growth. I am delighted he has accepted the role.

"I am also pleased that Kimberly has accepted the position of CFO. Kimberly brings a proven track record in finance, as well as a deep knowledge of Ahold.

"Peter's decision to remain with Ahold is warmly welcomed by me and all of my colleagues on the Supervisory Board.

"I am confident that John, along with his colleagues Dick Boer (COO Ahold Europe), Lawrence Benjamin (COO Ahold USA), Peter Wakkie (EVP and Chief Corporate Governance Counsel), and Kimberly Ross (CFO), will form a powerful team. Their combined talent, skills and experience will be instrumental in driving the performance of Ahold to its full potential."

The appointment of Kimberly Ross to the Corporate Executive Board and the reappointment of Peter Wakkie will be proposed by the Supervisory Board to the Annual General Meeting of Shareholders on April 23, 2008

Ahold Press Office: +31 (0)20 509 5343

Forward-looking statements notice

Certain statements in this press release are "forward- looking statements" within the meaning of the U.S. federal securities laws. Ahold intends that these statements be covered by the safe harbors created under these laws. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Many of these risk factors are beyond Ahold's ability to control or estimate precisely. Many of these risk factors are discussed in Ahold's public filings. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Ahold does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release, except as may be required by applicable securities law. Outside the Netherlands, Koninklijke Ahold N.V., being its registered name, presents itself under the name of "Royal Ahold" or simply "Ahold."

Ahold announces appointment of John Rishton as President and CEO: http://hugin.info/130711/R/1168932/229947.pdf



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