Ahold USA headquarters moves to Washington, DC.ZAANDAM, The Netherlands / ATLANTA, USA--(BUSINESS WIRE)-- June 11, 1999 -- Royal Ahold (NYSE NYSE See: New York Stock Exchange : AHO), the international food retailer, today announced that its US headquarters, currently located in Atlanta, Georgia, will move to the Washington, DC area at the end of this summer. Some 65 executives and assistants work at the Ahold USA office supporting Ahold's five US operating companies: Stop & Shop in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. with sales of $6.2 billion; Giant-Landover in the Washington DC and Baltimore metropolitan areas with sales of $4.4 billion; Giant-Carlisle in Pennsylvania with sales of $3.4 billion; Tops in northwestern New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of with sales of $3.0 billion; and BI-LO in the Carolinas with sales of $2.9 billion. In March 1999, Ahold announced its intention to acquire Pathmark stores in the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. with sales of $3.7 billion. Ahold's operating companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. generate annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales of over $20 billion and employ 140,000 associates. "The move from Atlanta to Washington DC is a logical step as our US headquarters will now be located among our rapidly growing operating companies," said Robert Tobin, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ahold USA. "Basing our headquarters in the nation's capital facilitates support, coordination and synergy activities. We will be located closer to where most of our business is generated." More than 15 million American consumers have clearly put their trust in Ahold's over 1,000 supermarkets along the eastern seaboard. "They see our state-of-the-art supermarkets as their preferred place to shop," Tobin continued. "All our chains offer low prices in addition to high quality, a broad product range, a friendly atmosphere and a superior shopping experience. We will pursue considerable growth in the US and with our new headquarters in Washington DC, we feel we are well positioned to make it happen." The new office will be located in Chantilly, Virginia. The majority of executives and assistants are expected to transfer to the new site. Royal Ahold press releases may contain "forward-looking statements". Actual results may differ from such statements as they may have been influenced by factors beyond the company's ability to control. |
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