Pierre-Olivier Beckers-Vieujant and Didier Smits will not stand for renewal at the expiration of their mandate as Directors of Delhaize Group
(Thomson Reuters ONE) -
BRUSSELS, BELGIUM, March 5, 2015 - As part of the regular process of reviewing
the Board's composition, Delhaize Group announced today that Pierre-Olivier
Beckers-Vieujant and Didier Smits have informed the Board that they will not
stand for renewal when their current mandates expire at the shareholders'
meeting to be held on May 28, 2015. The Company is in advanced stages of
discussion with candidates for election at the Ordinary Shareholders' Meeting.
Baron Beckers-Vieujant has served as a director of Delhaize Group since 1995 and
was President and Chief Executive Officer of Delhaize Group from 1999 until
2013. Under Mr. Beckers' leadership, Delhaize Group increased its international
presence and evolved itself into an integrated group and leading food retailer.
Mats Jansson, Chairman of the Board of Directors, said: "Pierre-Olivier has
worked for Delhaize for more than 30 years. For the last 15 years, he has led
both the company and served the Board of Directors. He has shown tremendous
leadership in running the business during challenging times and has always
displayed very strong values and great respect for people. A number of
significant initiatives started under his leadership are beginning to bear fruit
today and position us well for sustainable growth. I would like to thank him and
wish him well for the future."
Didier Smits has served on the Board of Directors since 1996.
"I would like to thank Didier for his 19 years of service to the Delhaize Group
Board of Directors. I have appreciated his loyalty, his thoughtful comments, and
his integrity. His contribution to the Board was valued and will be missed,"
said Mr. Jansson.
* Delhaize Group
Delhaize Group is a Belgian international food retailer present in seven
countries on three continents. At the end of 2014, Delhaize Group's sales
network consisted of 3 402 stores. In 2014, Delhaize Group recorded ?21.4
billion ($29.4 billion) in revenues and ?89 million ($118 million) net profit
(Group share). At the end of 2014, Delhaize Group employed approximately
150 000 people. Delhaize Group's stock is listed on NYSE Euronext Brussels
(DELB) and the New York Stock Exchange (DEG).
* Contacts
Investor Relations: +32 2 412 21 51
Media Relations: +32 2 412 86 69
cautionary note regarding forward looking statements
Statements that are included or incorporated by reference in this press release
and other written and oral statements made from time to time by Delhaize Group
and its representatives, other than statements of historical fact, which address
activities, events and developments that Delhaize Group expects or anticipates
will or may occur in the future, including, without limitation, changes in the
composition of the Board of Directors, are "forward-looking statements" within
the meaning of the U.S. federal securities laws that are subject to risks and
uncertainties. These forward-looking statements generally can be identified as
statements that include phrases such as "guidance," "outlook," "projected,"
"believe," "target," "predict," "estimate," "forecast," "strategy," "may,"
"goal," "expect," "anticipate," "intend," "plan," "foresee," "likely," "will,"
"should" or other similar words or phrases. Although such statements are based
on current information, actual outcomes and results may differ materially from
those projected depending upon a variety of factors, including, but not limited
to, changes in the general economy or the markets of Delhaize Group, in
strategy, in consumer spending, in inflation or currency exchange rates or in
legislation or regulation; competitive factors; adverse determination with
respect to claims; inability to timely develop, remodel, integrate, open,
convert or close stores; and supply or quality control problems with vendors.
Additional risks and uncertainties that could cause actual results to differ
materially from those stated or implied by such forward-looking statements are
described in Delhaize Group's most recent Annual Report on Form 20-F and other
filings made by Delhaize Group with the U.S. Securities and Exchange Commission,
which risk factors are incorporated herein by reference. Delhaize Group
disclaims any obligation to update developments of these risk factors or to
announce publicly any revision to any of the forward-looking statements
contained in this release, or to make corrections to reflect future events or
developments.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Delhaize Group via GlobeNewswire
[HUG#1899571]
Unternehmensinformation / Kurzprofil:
Datum: 05.03.2015 - 07:01 Uhr
Sprache: Deutsch
News-ID 376338
Anzahl Zeichen: 5689
contact information:
Town:
Brussels
Kategorie:
Business News
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