SOURCE: Delhaize Group

January 15, 2010 06:11 ET

Kostas Macheras Appointed as Member of Delhaize Group Executive Committee

BRUSSELS, BELGIUM--(Marketwire - January 15, 2010) -

Delhaize Group (Euronext Brussels: DELB - NYSE: DEG), the Belgian international food retailer, announced today that Kostas Macheras has been appointed to the Executive Committee of Delhaize Group, effective as of January 15, 2010. Kostas Macheras is Chief Executive Officer of Alfa-Beta Vassilopoulos and Mega Image, respectively the Greek and Romanian operating companies of Delhaize Group.

Kostas Macheras joined Delhaize Group in 1997 as General Manager of Alfa-Beta Vassilopoulos, a time when the company was a mid-sized chain of food stores concentrated around Athens. Under his leadership, Alfa-Beta Vassilopoulos grew to become the second largest national food retailer in Greece, with 216 stores and revenues of close to EUR 1.5 billion in 2009. Since July 1, 2009, Kostas Macheras has added Mega Image, the Romanian operations of Delhaize Group to his responsibilities.

"This promotion reflects the impressive achievements of Kostas Macheras and the highly respected contribution of Alfa-Beta to the growth of the Delhaize Group", said Pierre-Olivier Beckers, President and CEO of Delhaize Group. "The Executive Committee looks forward to adding Kostas Macheras' longstanding retail expertise to the team for the benefit of the Delhaize Group."

Kostas Macheras started his professional career in retailing in the U.S., as purchasing manager at the Quality Super Market Company in Chicago. Kostas Macheras worked for 14 years for Mars Inc. In 1982, he was in charge of sales, marketing and export in The Netherlands, and later became General Manager for Greece and Italy. From 1996 to 1997 he served as General Manager of Chipita International in Greece.

Kostas Macheras was a Board member of EEDE (Hellenic Management Association) for nine years. He has been a member of the Board of Directors at EASE (Association of Greek Executive Officers) since 2008, and is also currently a Board member of SEET (Association of Greek Food Enterprises). In 2005, he was named Officer in the Order of Leopold II by King Albert II of Belgium. In April 2009, Kostas Macheras was elected Manager of the Year 2008 by the Hellenic Management Association.

Born in 1953, Kostas Macheras holds a BA from Piraeus University and an MBA from the Roosevelt University of Chicago (Business Administration & Marketing).

The Executive Committee of Delhaize Group is now composed of Pierre- Olivier Beckers, Michael Waller, Nicolas Hollanders, Stéfan Descheemaeker, Rick Anicetti, Ron Hodge, Michel Eeckhout and Kostas Macheras.

"Delhaize Group

Delhaize Group is a Belgian international food retailer present in six countries on three continents. At the end of 2009, Delhaize Group's sales network consisted of 2 732 stores. In 2009, Delhaize Group posted EUR 19.9 billion (USD 27.8 billion) in revenues. In 2008, Delhaize Group posted EUR 467 million (USD 687 million) in net profit (Group share). At the end of 2008, Delhaize Group employed approximately 141 000 people. Delhaize Group's stock is listed on Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website Questions can be sent to

Guy Elewaut:  + 32 2 412 29 48   Barbera Hoppenbrouwers  +32 2 412 86 69

Geert Verellen: + 32 2 412 83 62


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