June 18, 2009 02:37 ET

Ahold Announces Peter Wakkie's Decision to Retire From Ahold

AMSTERDAM, NETHERLANDS--(Marketwire - June 18, 2009) - Ahold today announced that Peter Wakkie has decided to retire from Ahold, effective December 31 2009.

Wakkie, 60, is Chief Corporate Governance Counsel and member of the Ahold Corporate Executive Board. He joined Ahold in October 2003 following a 31-year career at the Dutch legal firm De Brauw Blackstone Westbroek.

Initially, Wakkie's task was to solve the multiple investigations and lawsuits that faced Ahold following the events of February 2003, and to establish a first class corporate governance structure. Subsequently, he was heavily involved in Ahold's divestment program and became chief architect of the company's corporate responsibility strategy.

Speaking of Wakkie's decision to retire, John Rishton, CEO of Ahold, said today, "Peter's contribution and support during his time at Ahold have been invaluable. He has been a pivotal member of our executive board and has played an enormous role in shaping Ahold's strategy for sustainable profitable growth. On a personal note, I have enjoyed working with Peter immensely and will miss him. Along with my colleagues on the Corporate Executive Board, I thank him for the contribution he has made to Ahold and wish him all the best for the future, both personally and professionally."

René Dahan, Chairman of the Ahold Supervisory Board, said, "People with Peter Wakkie's personal and professional talent, competence and experience are extremely rare and valuable. We are grateful for the dedication with which Peter has served Ahold during a most challenging period in the company's history. His many contributions have made an important difference to where Ahold stands today."

A successor will be nominated later this year.

Ahold Press Office:
+31 (0)20 509 5291

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