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Ahold Delhaize's Stop & Shop Appoints New bfresh Lead on Heels of Q4 Financial Report

Ahold Delhaize's Stop & Shop Appoints New bfresh Lead on Heels of Q4 Financial Report


QUINCY, MA & ZAANDAM, THE NETHERLANDS
Wednesday, March 1st, 2017

Big news has come down the pipeline from Ahold Delhaize. This week, the company announced both fourth quarter financial results and the appointment of a new executive for its subsidiary Stop & Shop.  

This Monday, February 27, Stop & Shop announced the appointment of Dean Wilkinson to Fresh Formats, LLC as the Fresh Formats bfresh lead.

Mark McGowan, President, Stop & Shop“Dean brings years of retail operational experience, and he will be a valuable resource as we develop new and innovative format opportunities,” said Mark McGowan, President of Stop & Shop, in a company press release. “We are proud of the excellent work of the Fresh Formats team as they just brought the third bfresh store to life in Somerville, Mass.”

Wilkinson’s career has spanned more than two decades—from first working at Stop & Shop as a Customer Service Director, through a promotion to District Manager, and lastly, Regional Vice President at the company’s Giant Landover Division. At Giant Landover, Wilkinson also served as Director of Non-Foods and Divisional Vice President Sales, Merchandising, and Marketing.

Dean Wilkinson, bfresh Lead, Fresh FormatsIn 2015, Wilkinson joined Ahold USA as the organization’s Senior Vice President, Store Strategy and Execution.

Fresh Formats’ previous lead—Former Interim Senior Vice President of Operations Scott Miller—decided to leave the company to purse other opportunities. Glenn Hogan, formerly the Vice President of Regional Operations for Stop & Shop’s New England Division, will leave that role and join Ahold USA, replacing Wilkinson in the store strategy and execution role on an interim basis.

Credited to Google Finance

These developments come on the heels of a strong fourth quarter for Stop & Shop’s parent Ahold Delhaize. The recently-merged retail giant reported Q4 results, the highlights of which included:

  • Pro forma Q4 net sales of €15.5 billion (approximately $16.35 billion USD), up 2.8% at constant exchange rates, adjusted for week 53 in 2015
  • Pro forma Q4 underlying operating margin of 3.9%, driven by strong performance in the Netherlands and at Delhaize America
  • Pro forma full-year underlying operating margin of 3.7%, up 20 basis points compared to 2015
  • Strong free cash flow of €874 million (approximately $922 million USD) in Q4, resulting in €1.4 billion full-year free cash flow
  • Proposed dividend of €0.57, up 9.6% compared to the Ahold dividend last year

The company also announced that the integration of recently-merged component companies Ahold and Delhaize is moving at pace—with synergies from the company’s Better Together strategy delivering according to plan.

For more on this and other dynamic companies in the dairy, deli, and bakery industries, check in with us at Deli Market News.

Stop & ShopAhold Delhaize


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