EUROPE: Ahold Delhaize Complete Merger

The Ahold and Delhaize groups have successfully completed their merger, creating a major new player in the global retail market. The merger was completed on 23 July, and the new Ahold Delhaize entity became operational as of 24 July.

Ahold Delhaize operates more than 6,500 outlets in 11 countries, employs more than 375,000 staff who serve more than 50 million customers every week, and has 22 local brands. Its senior executive team will include Dick Boer as CEO, Frans Muller as Deputy CEO and Chief Integration Officer, Jeff Carr as CFO, Hanneke Faber as Chief Commercial Officer, and three COOs for Europe and the US.

Ahold Delhaize also introduced a new visual identity, with a new logo, which it said “honors its proud heritage while also reflecting the combined company’s new future.” ahold-delhaize-logoBoer noted: “Building on common values, complementary operations and proud legacies of success, we move forward with leading positions particularly on the United States East Coast and in Europe.”

The group will report individual results for the second quarter and first half on 25 August, with the first combined results being offered on 17 November (for the third quarter). From the third quarter, Ahold Delhaize will report quarterly results for five business segments – the Netherlands, Belgium, Central and Southeastern Europe, and two units in the US. The Global Support Office will remain a reporting entity, including corporate and related costs.

NAM Implications:
  • Ahold on the march back…
  • Are you in step, or playing catchup?