(9,61 EUR, -0,51%) today announced that its Chief Financial Officer, Kimberly Ross, has accepted a position outside the company and will leave in November. She will remain active in her role until that date when she will become CFO of (29,72 USD, -0,87%), the New York based global beauty company.
Kimberly joined in September 2001. Since then she has held various senior positions in treasury, tax, and finance and has been Chief Financial Officer and a member of the Corporate Executive Board since November 2007.
An international search for Kimberly’s successor is now underway.
Conclusion:
Ms Ross has played an important role in restoring Ahold’s financial structure. Her departure does not change our view on the stock. Hold maintained.