Ahold’s Supervisory Board Sees Changes

Tom de Swaan, a Dutch national, will resign from Ahold’s supervisory board effective Sept. 30. De Swaan’s departure from the Amsterdam-based retail conglomerate follows his appointment as chairman of Zurich Insurance Group earlier in September.

“The company has benefited from his insights and expertise during his long career in the financial industry,” said René Dahan, chairman of Ahold’s supervisory board. “We fully understand his decision and wish him all the very best in his new duties.”

After his appointment to the supervisory board in 2007, de Swaan became chairman of the audit committee, in which Stephanie M. Shern, a U.S. national who has sat on the board since 2005, will succeed him. Shern was with Ernst & Young for more than 30 years, most recently as vice chairman and global director of retail and consumer products and a member of the global accounting firm’s U.S. management committee. She’s also a member of the boards and chair of the audit committees of GameStop and Scotts MiracleGro.

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