Until recently, Theo de Raad was a Board member of German food retailer Metro AG, for whom he had worked since the beginning of 1998. He was previously Managing Director of SHV Makro and a Board member of SHV Holdings. Earlier in his career he held various international executive positions including top posts at Makro Cash & Carry, Makro Thailand and Makro Indonesia.
The Ahold Corporate Executive Board will comprise the following members once De Raad joins the company: Cees van der Hoeven, President & CEO; Michael Meurs; Bob Tobin; Jan Andreae; Allan Noddle and Theo de Raad. After his introduction period, De Raad will lead various special projects and gradually assume responsibility for Ahold’s Latin American and Asian activities from Noddle, who will retire at the beginning of 2002. The Ahold Corporate Works Council is fully behind the appointment.
Theo de Raad, 55, brings to Ahold considerable experience in international retailing. A Dutchman, De Raad is married, has two daughters and lives in the Netherlands.