ZAANDAM, Netherlands, Sept. 16, 2005 (PRIMEZONE) -- Ahold (NYSE:AHO) today announced that it has appointed Joop Brakenhoff as Chief Internal Audit Officer.
Currently Ahold's Vice President Internal Control, Brakenhoff will transfer to his new role on September 19, 2005. He will focus on finetuning the company's internal controls and central reporting lines. The internal audit function will continue to have a dual reporting line to both Anders Moberg, President & CEO, and the Audit Committee of Ahold's Supervisory Board.
Brakenhoff, 40, started his career at Ahold on June 1, 2002, as VP Internal Audit Europe and was promoted to VP Accounting in February 2004. In February 2005, he shouldered the additional responsibility of setting up the Internal Control unit of Ahold's Accounting & Reporting department.
Prior to joining Ahold, Brakenhoff worked at KPMG for nine years in various management positions before joining the Heerema Group in 1994 and the Burg Group two years later as Group Controller and statutory Financial Director.
Brakenhoff succeeds Thijs Smit, whose decision to pursue other interests towards the end of the year was announced on June 17, 2005.
Commenting on the appointment, Anders Moberg said: "With his solid background in Ahold's accounting, reporting and audit disciplines, we are delighted to promote Joop into this key position as our Internal Audit process moves to the next level. We are also very pleased to have been able to appoint a successor to Thijs from within our ranks. Our management development program is operating at full swing and we wish Joop every success in his new challenge."
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