Ahold USA announced February 6 that Rick Herring, president of the Giant/Carlisle division, has made the decision to retire, effective February 14. Herring has had a successful career at Ahold companies for nearly 25 years and has made many contributions to the Ahold organization, the global retailer stated in a press release.
Additionally, Ahold USA COO James McCann said, “We would like to thank Rick for his numerous contributions to our companies, as well as for his leadership, dedication, and years of service. We wish him all the best in this next phase of his life and career.”
Bhavdeep Singh, executive vice president of operations, Ahold USA, will oversee the Giant/Carlisle division on an interim basis until a permanent replacement is named.
Herring joined Giant/Carlisle in 1989 from Pathmark, working in the retailer’s auditing department. In 1996, he was named vice president and controller for Giant/Carlisle before taking the role as vice president of Ahold Financial Services in 2001. He returned to Carlisle in 2003 as CFO and was later named president of the division.
With Herring’s departure, two of the four division presidents that were in place when new Ahold USA COO James McCann replaced the retiring Carl Schlicker last February, have departed.
Anthony Hucker, who was president of Giant/Landover, left last September (he is now executive VP-COO of Schnuck’s in St. Louis) and was replaced by Gordon Reid, who worked with McCann at Tesco. A search is under way for Herring’s replacement.
Other key changes that have occurred since McCann was named to lead the biggest piece of the Dutch retailer’s international holdings include the departure of executive VP-CFO Paula Price (replaced by Dan Sullivan) and the appointment of Jan van Dam as executive VP-supply chain and e-commerce.
Ahold and its large U.S. unit struggled with sales in its most recent fourth quarter ended December 29. Corporately, the parent Ahold organization, based in Amsterdam, experienced a 1.1 volume decrease (based on constant exchange rates) and in the U.S., sales declined 2.1 percent and identical store revenue dipped 2 percent (excluding gas). Moreover, U.S. share of market dropped slightly, the first time that has occurred in many years. Ahold’s full earnings will be released on February 27.
Last month, Ahold also restructured parts of its European operation with CEO Dick Boer assuming more direct responsibility for several divisions.