News Release
FOR IMMEDIATE RELEASE:
DATE:
 April 15, 2003
CONTACT: Stefanie Zakowicz
(716) 635-5885

   
TOPS ORGANIZATIONAL CHANGES
Williamsville, NY… Ahold USA, parent of Tops Markets, LLC today announced a reorganization including Tops and Giant Food Stores, headquartered in Carlisle, PA. The new organization is intended to strengthen Ahold's competitive advantage in the markets served by both operating companies.

The reorganization further establishes Tops commitment to its markets by securing its position as a key competitor. Tops will continue to operate its 159 Tops Friendly Markets and 205 Wilson Farms Neighborhood Food stores out of its headquarters in Williamsville, New York.

"The restructuring of Tops and Giant will ensure achievement in overall market leadership, operational excellence, and strong bottom-line performance for both organizations in their respective markets," stated Bill Grize, President and CEO of Ahold USA.

Max Henderson has been named as Executive Vice President and General Manager of Tops. His team will include:

• Tom Heine, who will continue in his role as Senior Vice President, Store Operations; • Sal Baio, currently Senior Vice President, Perishables, who has been named Senior Vice President of Sales and Merchandising, and; • Jack Barrett, who has been named Senior Vice President of Labor Relations.

Henderson was formerly Vice President of Operations and Merchandising at Giant-Carlisle. He has extensive knowledge of the industry gained from his long career with Ahold, which began in 1982. In the newly created position, Henderson will oversee operations, sales, merchandising, performance profitability and customer service. He will be relocating to the Buffalo Niagara region with his family.

The reorganization is a final step in a shared services strategy that both companies have been working towards since 2000. The new partnership has been designed to combine strengths in support areas so that both companies can be competitive on a long-term basis in their respective markets.

Tony Schiano will serve as President and CEO of the combined Giant-Carlisle/Tops organization. Current Tops President and CEO, Frank Curci, has been named as Chief Operating Officer for sister operating company, Giant Food, Inc. of Landover, Maryland.

Tops Markets, LLC is one of six retail operating companies under Ahold USA, one of the leading supermarket operations in the U.S. Tops currently operates 159 Tops Friendly Markets, 205 convenience stores under the Wilson Farms, Sugarcreek and Tops Xpress banners, and 9 B-Kwik Food Markets in New York, Pennsylvania and northeast Ohio. This and other recent news releases can be found on Tops’ website at www.topsmarkets.com.

 

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