ZAANDAM, The Netherlands, Jan. 7, 2002 -- (PRIMEZONE) The Ahold (NYSE:AHO) Corporate Executive Board has appointed Marcelo Silva President of its recently acquired Brazilian supermarket company G. Barbosa, effective January 2, 2002.
The new Ahold subsidiary operates 32 hypermarkets and supermarkets in northeastern Brazil, with annualized sales of approximately Euro 300 million. G. Barbosa will strengthen Ahold's successful Brazilian operation Bompreco. With 111 supermarkets and hypermarkets and annualized sales of approximately Euro 1.5 billion, Bompreco is market leader in northeastern Brazil. In his new position, Silva, currently Chief Financial Officer Bompreco, will report to Tom den Hertog, President of Bompreco and CEO Ahold Brazil.