Delhaize Group

March 08, 2012 08:58 ET

Delhaize Group Appoints Pierre Bouchut as EVP and New Chief Financial Officer

BRUSSELS, BELGIUM--(Marketwire - Mar 8, 2012) -

This release has been re-published. The original communication by Delhaize Group was published at 07:00 CET, but failed to reach some of the distribution points due to a technical error at Thomson Reuters.

Delhaize Group (Euronext Brussels: DELB) (NYSE: DEG), the Belgian international food retailer, is pleased to announce that Pierre Bouchut will join the Company on March 19, 2012 as its new Chief Financial Officer responsible for Finance, Strategy and M&A. Pierre Bouchut will be a member of the Group's Executive Committee.

Pierre Bouchut comes to Delhaize Group with an impressive track record in general management and finance positions with prominent international companies such as Carrefour, Schneider and Casino.

"We are delighted to welcome Pierre Bouchut to our Company and its Executive Committee", says Pierre-Olivier Beckers, President and Chief Executive Officer of Delhaize Group. "In addition to his strong financial background and expertise, Pierre Bouchut has built a very rich experience spanning the almost full spectrum of the food retail business, from operational to general management, in a highly international environment. The experience Pierre gained in emerging markets and in areas such as multi-format retailing including discount formats, integration of acquisitions, procurement, centralization of supply chain, to name a few, is of particular relevance to our growth ambitions and further drive the efficiency of the group in accordance with our New Game Plan."

Pierre Bouchut said: "I have a great deal of respect for Delhaize Group, an experienced and disciplined food retailer. I am really looking forward to joining the company where, along with my new colleagues, I will focus on the New Game Plan's priority of accelerating revenue growth and on enhancing shareholder value."

Pierre Bouchut, 56, was most recently Executive Director Growth Markets of Carrefour, overlooking operations in Latin America (Brazil, Columbia and Argentina) and in Turkey, India, Indonesia and Malaysia. Pierre Bouchut was also overlooking Carrefour Personal Financial Services operations worldwide. He joined Carrefour in 2009 as Chief Financial Officer, in charge of Finance, IT, Legal affairs and Personal Financial Services operations. Between 1990 and 2005, Pierre was with Group Casino, where he successively held the positions of Chief Financial Officer, Managing Director and CEO responsible for both the French and international operations (USA, Poland, the Netherlands, Taiwan, Brazil, Argentina, Columbia and Venezuela).

Between 2005 and 2009, Pierre Bouchut served with Schneider Group as CFO, developing numerous initiatives in the field of structured finance, risk management and external growth.

In his earlier career, Pierre Bouchut worked amongst others with Citibank and Bankers Trust as well as with McKinsey and Company.

Pierre is graduated from HEC and holds a Master Degree in Applied Economics from Paris Dauphine University.

Pierre Bouchut succeeds Stéfan Descheemaker, who was appointed CEO of Delhaize Europe on January 1, 2012.

» Delhaize Group

Delhaize Group is a Belgian international food retailer present in eleven countries on three continents. At the end of 2011, Delhaize Group's sales network consisted of 3 408 stores. In 2011, Delhaize Group posted EUR 21.1 billion (USD 29.4 billion) in revenues and EUR 475 million (USD 661 million) in net profit (Group share). At the end of 2011, Delhaize Group employed approximately 160 000 people. Delhaize Group's stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

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Source: Delhaize Group via Thomson Reuters ONE


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