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Ahold starts 500 million-euro share-buyback program
AMSTERDAM — Ahold is buying back about $650 million worth of shares, with plans to finalize the deal within 12 months, the Dutch retail company said Monday.
Ahold — which operates the Stop & Shop, Giant-Carlisle and Giant-Landover supermarket banners and the Peapod online grocery service in the United States through its Ahold USA subsidiary — said the purpose of the share-buyback program was to return value to shareholders.
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Ahold chairman to step down
AMSTERDAM — Rene Dahan will step down as Royal Ahold's board chairman in October, the Dutch supermarket operator said Wednesday.
Netherlands-based Ahold — which operates the Stop & Shop, Giant-Landover and Giant-Carlisle chains and the Peapod online grocery service in the United States through its Ahold USA subsidiary — said that Dahan would step down after serving on the company's board since 2004. The company plans to propose at its shareholder meeting the appointment of Jan Hommen as Dahan's successor.