Ahold Former CEO, Grandson Of Founder Dies
January 14 2011 - 4:36AM
Dow Jones News
Dutch retailer Koninklijke Ahold NV (AH.AE) said Friday that
Albert Heijn, its former chief executive officer and grandson of
the founder, died Thursday at the age of 83.
Heijn joined the company in 1949 as a salesman in an Amsterdam
supermarket, was appointed CEO in 1962 and retired in 1989. He
stayed on as a member of the supervisory board until 1997.
He was also a member of the supervisory board of, among others,
Dutch staffing company Randstad NV (RAND.AE) and financial services
company ABN Amro.
Together with brother Gerrit Jan Heijn, who was on the Ahold
executive board until 1987--when he was murdered following a
kidnapping--Albert Heijn expanded into the U.S. in 1973 with the
acquisition of Bi-Lo and Giant Carlisle, transforming the company
from a national retailer to an international supermarket chain.
Under the leadership of the grandson of founder Albert Heijn,
who started the company in 1887, the company introduced to the
Netherlands such elements as the sell-by date and private-label
products. In addition, Heijn played a leading role in the
establishment of a uniform barcode that remains the global standard
today.
Heijn died at Pudleston Court, his home in the U.K., the company
said.
-By Anna Marij van der Meulen; Dow Jones Newswires; +31 20 5715
216; annamarij.vandermeulen@dowjones.com
Randstad NV (EU:RAND)
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