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Ahold Delhaize commences 1B euros share buyback program
ZAANDAM, The Netherlands — Ahold Delhaize will buy back $1 billion euros worth of its stock. The program is expected to be completed by the end of this year.
According to Ahold Delhaize, the program is intended to reduce the company’s capital by cancelling all or part of the common shares acquired through the program.
The share buyback is part of Ahold Delhaize’s Better Together strategy. The company will provide updates on the status of the share buyback program throughout the year.
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Newly created independent Ahold company names Roger Wheeler president
NEW YORK — Retail Business Services, an independent company that provides support services to Ahold USA and Delhaize America local brands, appointed Roger Wheeler as its president.
Wheeler has more than 20 years in retail operations, including a number of roles with Stop & Shop and Ahold USA, including stints as senior vice president of supply chain and third party management, Oracle program leader and VP of meat and seafood.