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Ahold Corporate Executive Board Member Bill Grize Steps Down

ZAANDAM, Netherlands - Bill Grize, president and c.e.o. of the Ahold U.S. retail division, will step down from the retailers' corporate executive board at the end of December 2004, in preparation for his retirement.

As of January 2005, Marc Smith, c.e.o. of the Stop & Shop/Giant-Landover arena, and Tony Schiano, c.e.o. of the Giant-Carlisle/Tops arena, will report directly to Ahold president and c.e.o. Anders Moberg.

"We all thank Bill for giving a lifetime of service to our company and our people," said Moberg. "He has touched many people's lives, and has made the U.S retail operations more customer-focused as a result of his leadership. Bill's legacy will be his unwavering commitment to our people, especially those who serve our customers, and our challenge is to uphold and carry forward that commitment."

Grize joined Stop & Shop almost 40 years ago as a part-timer in the stores, and rose through the ranks to ultimately become the president of Stop & Shop, serving from December 1997. In September 2000 he became president and c.e.o. of Ahold U.S. Retail and was appointed to the company's executive board in April 2001.

In his executive capacities Grize represented Ahold externally in a variety of roles. He has served as a member of the executive board of the Food Marketing Institute, as chairman of the FMI Industry Relations Council, and as chairman of the retail trustees of the Joint Labor Management Committee. In recent years he has served at several other organizations, including the Dana Farber Cancer Institute, the Uniform Code Council, and EAN International (now collectively known as GS1).

Commenting on his pending retirement, Grize said: "With the organizational changes within Ahold's U.S. retail operations on track and with Ahold well on the 'Road to Recovery,' it's a logical time for me to begin my transition to retirement."
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