Amsterdam, the Netherlands, September 28, 2012 - Ahold today announced that it will move its Corporate Center from Amsterdam to Zaandam. The relocation is expected to take place in the second quarter of 2013.
Ahold's corporate center, comprising the Corporate Executive Board and approximately 150 employees working in support functions, will relocate to Ahold's building in Zaandam, which also houses the management teams and support organizations of Ahold Europe, Albert Heijn, Etos, Gall & Gall and albert.nl.
"This move will enable us to maximize synergies and save costs" said Dick Boer, CEO of Ahold. "In Zaandam, we will benefit from co-location with our colleagues in Ahold Europe, while continuing to be located near to Amsterdam with its business and financial community and Schiphol Airport. We thank the City of Amsterdam for eight years of great hospitality" said Boer.
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2012/27
Cautionary notice
This press release includes forward-looking statements, which do not refer to historical facts but refer to expectations based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those included in such statements. These forward-looking statements include, but are not limited to, statements as to the timing of the move of Corporate Center from Amsterdam to Zaandam and the effects and benefits of such a move. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking statements. Important factors that could cause actual results to differ materially from the information set forth in these forward-looking statements include, but are not limited to, factors discussed in Ahold's public filings and other disclosures. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as per the date of this press release. Ahold does not assume any obligation to update any public information or forward-looking statements in this release to reflect subsequent events or circumstances, except as may be required by applicable laws. Outside the Netherlands, Koninklijke Ahold N.V., being its registered name, presents itself under the name of "Royal Ahold" or simply "Ahold".