Ahold CFO steps into top spot

John Rishton, Royal Ahold
chief financial officer (CFO), who has made a huge impact on the multinational
supermarket company since he joined in 2006, has been officially named president
and CEO.

Rishton, a former British Airway CFO, was part of a three-person team that
performed a major review of Ahold’s retail businesses, making recommendations
which were used in a new strategic direction unveiled a year ago.

Kimberly Ross, deputy CFO, has been promoted to fill the role of Ahold CFO
and selected for the company’s corporate executive board.

She is credited with helping implement measures to secure Ahold’s financial
stability after its 2003 accounting scandal.

Further reading:

Ex-Ahold exec gets seven years for role in fraud

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