Ahold Delhaize Appoints New Division Chief and Reports Strong Q2 Results; Marty Wolfe and Frans Muller Comment
QUINCY, MA & THE NETHERLANDS - Two pieces of news are coming out of the Ahold Delhaize camp, as the retailer announced its second quarter financial results and its Retail Business Services division named a new Chief Technology Officer. The new hire, Marty Wolfe, joins a team led by Rom Kosla, Executive Vice President, IT and Chief Information Officer.
“I’m excited to join the organization at this pivotal time for Ahold Delhaize USA companies,” said Wolfe. “Retail is rapidly changing, and technology is a differentiator that enables retailers’ abilities to compete. I look forward to supporting Retail Business Services in its Evolve IT journey, which is key in enabling Ahold Delhaize USA brands to win now and into the future.”
Wolfe joins Retail Business Services from IBM, where he most recently served as Global Chief Technology Officer and Vice President of IBM's Retail, CPG, Logistics, and Travel industries. He brings a unique combination of business acumen, technical depth, and industry expertise to the role, with a deep background in both digital transformation and hybrid cloud journeys, according to a press release.
For a company comment on this news, read the press release in full here.
In addition to the new CTO, Ahold Delhaize revealed its second quarter results, outlining a $2.8 billion increase in net sales from $19.19 billion (€18.6 billion) to $22.08 billion (€21.4 billion).
"I am pleased to report we had a strong second quarter,” said Frans Muller, President and Chief Executive Officer of Ahold Delhaize. “Our overall results confirm the strength and breadth of our brand portfolio. Our brands' unparalleled understanding of customers, broad assortments, and product offerings as well as the stickiness of food-at-home consumption are giving us the opportunity to play to our strengths and support customers in a challenging environment.”
Other highlights from the report include:
- Q2 IFRS-reported operating income was $923.3 million (€895 million) and Q2 IFRS-reported diluted EPS was $0.62 (€0.60)
- Q2 diluted underlying EPS was $0.61 (€0.59), an increase of 11.0 percent over the prior year at actual rates
More news is sure to come from this ambitious retailer, so keep clicking back to ANUK.