Delhaize Group Management Changes - Stefan Descheemaeker to resign as CEO of Delhaize Europe
(GlobeNewswire Via Acquire Media NewsEdge) BRUSSELS, Belgium, Oct. 7, 2013 (GLOBE NEWSWIRE) --
Delhaize Group (Euronext, Brussels: DELB,
NYSE: DEG), the Belgian international food retailer, announced today that Stéfan
Descheemaeker has decided to resign from his role as CEO of Delhaize Europe
effective October 31, 2013.
Referring to Mr. Descheemaeker's departure, Delhaize Group CEO Pierre-Olivier
Beckers said: "I want to thank Stéfan for his significant contributions to the
success of Delhaize Europe and Delhaize Group. In both his former capacity as
CFO and then as CEO of Delhaize Europe, Stéfan has been an energetic leader who
raised the organization's focus on cash-flow generation and brought the company
to a higher level of performance while steadfastly promoting the company values.
I want to wish him well in his future endeavors."
As a result of Mr. Descheemaeker's resignation and departure, Delhaize Group is
announcing the following organizational changes, all effective November 1, 2013:
* Kostas Macheras, Delhaize Group EVP, current member of the Group Executive
Committee and CEO of Delhaize Group Southeast Europe (SEE) and Asia, will
report directly to the Group CEO.
* Dirk Van den Berghe, CEO of Delhaize Belgium will report directly to the
Frans Muller, the incoming Group CEO said: "I look forward to working directly
with both Kostas and Dirk to continue building on the positive momentum of our
European businesses to generate further progress. Equally I look forward to
partnering with our Group CFO, Pierre Bouchut, so that we can continue improving
the focus and performance of the overall Group. This will be amongst my key
priorities in addition to working directly with the Delhaize America team while
I evaluate and search for the best candidate to fill the Delhaize America CEO
» Delhaize Group
Delhaize Group is a Belgian international food retailer present in ten countries
on three continents. At the end of the second quarter of 2013, Delhaize Group's
sales network consisted of 3,455 stores. In 2012, Delhaize Group posted €21.0
billion ($27.0 billion) in revenues and €104 million ($134 million) in net
profit (Group share). At the end of 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 Relations: + 32 2 412 2151
Media Relations: + 32 2 412 8669
Press release in Pdf: http://hugin.info/133961/R/1733885/580637.pdf
Source: Delhaize Group
2013 GlobeNewswire, Inc.
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