BusinessCompany NewsAhold appoints former IKEA finance boss

Ahold appoints former IKEA finance boss

Scandal struck Dutch supermarket chain Ahold has appointed the person who will face the arduous task of clearing up various black holes with an estimated total value of $880m (£525m).

Link: Ahold selling spree could extend to US

The grocer’s supervisory board today nominated Hannu Ryopponen to replace acting interim chief financial officer Dudley Eustace in September this year.

London-based Ryopponen, is currently the finance director of European private equity firm Industri Kapital Group. He also has held the position of executive vice president of finance at the IKEA Group for thirteen years until 1998.

‘After a rigorous international search conducted by Egon Zehnder International Management Consultants, we were fortunate to find exactly the right man for this challenging position,’ said Eustace

Ryopponen’s appointment to the corporate executive board is subject to a vote at the annual general meeting of shareholders, which will be held at a date to be announced later this year.

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