BRUSSELS, BELGIUM--(Marketwire - Aug 29, 2012) - Delhaize Group (EURONEXT BRUSSELS: DELB)
(EURONEXT BRUSSELS: DELB.BR) (NYSE: DEG), the Belgian international food
retailer, announced today that it has recruited Roland Smith as President
and Chief Executive Officer of Delhaize America and Executive Vice
President of Delhaize Group, effective October 15, 2012. Mr. Smith will
succeed Ronald C. Hodge who has been with the company 33 years and will
remain with Delhaize America in an advisory role to ensure a smooth
transition before retiring later this year.
Mr. Smith, 57, brings exceptional experience and a strong track record to
Delhaize Group. Most recently, he served as President and CEO of The
Wendy's Company and, prior to that, as President and CEO of Wendy's /
Arby's Group, Inc. In previous roles Mr. Smith has also served as CEO of
Triarc Companies, Inc., Arby's Restaurant Group, Inc., American Golf
Corporation and National Golf Properties and AMF Bowling Worldwide, Inc.
Mr. Smith is currently a Director of The Wendy's Company and Chairman of
the Board of Directors for Carmike Cinemas, Inc., a national trustee of the
Boys & Girls Clubs of America, a national executive board member of the Boy
Scouts of America and a member of the World Presidents' Organization
International.
Pierre-Olivier Beckers, President and CEO of Delhaize Group, said, "We are
delighted that Roland will become the next CEO of Delhaize America and look
forward to welcoming him to our company. He is a seasoned leader with a
proven track record of managing large consumer businesses, reenergizing
brands and driving top and bottom-line growth. We are confident his
background and experience will serve to strengthen and accelerate the
ongoing transformation of our business in the U.S."
Mr. Smith said, "I am very excited to join Delhaize Group and have the
opportunity to lead Delhaize America. This organization has a rich history,
strong brand identity and a team that is focused on delivering value to its
customers. I am looking forward to helping Delhaize America navigate
through the challenges currently facing the industry and positioning our
business for further growth."
Mr. Hodge will retire after 33 years in various senior leadership roles
with Delhaize Group. Prior to his current role, Mr. Hodge served as Chief
Executive Officer of Delhaize America Operations and as Executive Vice
President and Chief Executive Officer of Hannaford. He joined Hannaford in
1980 and was promoted through a number of increasingly senior roles,
ultimately becoming President of Hannaford in December 2000 and Chief
Executive Officer in 2001.
Mr. Beckers added, "Together with the Board of Directors and senior
management of Delhaize Group, I want to thank Ron for his hard work and
leadership over three decades. During his career, Ron has made countless
contributions to our company's growth and has been instrumental in a number
of our achievements, including the creation of Delhaize America, which is
now an approximately $20 billion revenue business with roughly 1,600 stores
in 18 states."
Mr. Hodge said, "After more than 30 years at Delhaize, I have decided that
the time is right for me to retire. I am proud to have been part of this
great company and to have played a role in the acquisition of Hannaford by
Delhaize Group and the creation of Delhaize America. While the
macroeconomic environment remains tough for our industry, our repositioning
work is well underway and I am confident that my colleagues will continue
to build on that momentum in the future. I look forward to working with
Roland and the rest of the Delhaize team to ensure a seamless transition."
» Delhaize Group
Delhaize Group is a Belgian international food retailer present in eleven
countries on three continents. At the end of the second quarter of 2012,
Delhaize Group's sales network consisted of 3 365 stores. In 2011, Delhaize
Group posted EUR 21.1 billion ($ 29.4 billion) in revenues and EUR 475
million ($ 661 million) in net profit (Group share). At the end of June
2012, Delhaize Group employed approximately 158 000 people. Delhaize
Group's stock is listed on NYSE 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 http://www.delhaizegroup.com. Questions can be sent
to investor@delhaizegroup.com.
cautionary note regarding forward looking statements
Statements that are included or incorporated by reference in this press
release and other written and oral statements made from time to time by
Delhaize Group and its representatives, other than statements of historical
fact, which address activities, events and developments that Delhaize Group
expects or anticipates will or may occur in the future, including, without
limitation, expected costs savings under the New Game Plan, the closing,
conversion and opening of stores, the expected effect of the portfolio
optimization, anticipated revenue and net profit growth, strategic options,
future strategies and the anticipated benefits of these strategies, are
"forward-looking statements" within the meaning of the U.S. federal
securities laws that are subject to risks and uncertainties. These
forward-looking statements generally can be identified as statements that
include phrases such as "guidance," "outlook," "projected," "believe,"
"target," "predict," "estimate," "forecast," "strategy," "may," "goal,"
"expect," "anticipate," "intend," "plan," "foresee," "likely," "will,"
"should" or other similar words or phrases. Although such statements are
based on current information, actual outcomes and results may differ
materially from those projected depending upon a variety of factors,
including, but not limited to, changes in the general economy or the
markets of Delhaize Group, in strategy, in consumer spending, in inflation
or currency exchange rates or in legislation or regulation; competitive
factors; adverse determination with respect to claims; inability to timely
develop, remodel, integrate, open, convert or close stores; and supply or
quality control problems with vendors. Additional risks and uncertainties
that could cause actual results to differ materially from those stated or
implied by such forward-looking statements are described in Delhaize
Group's most recent Annual Report on Form 20-F and other filings made by
Delhaize Group with the U.S. Securities and Exchange Commission, which risk
factors are incorporated herein by reference. Delhaize Group disclaims any
obligation to update developments of these risk factors or to announce
publicly any revision to any of the forward-looking statements contained in
this release, or to make corrections to reflect future events or
developments.
Press release in pdf format:
http://hugin.info/133961/R/1637143/526298.pdf
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Source: Delhaize Group via Thomson Reuters ONE
[HUG#1637143]