ZAANDAM, THE NETHERLANDS - One of the members of Ahold Delhaize’s Supervisory Board has announced his resignation, a key figure who has had association with the company for many years. Jack Stahl will be stepping down from his position with the retailer.

"Jack has been a committed and valued Supervisory Board member. First at Delhaize Group and, after the merger, at Ahold Delhaize. A veteran of the consumer-goods industry, Jack played a key role throughout the merger process and in shaping Ahold Delhaize. I would like to thank him for his continued support and efforts. The Supervisory Board will miss his professionalism, dedication, insight, and sense of humor," said Mats Jansson, Chairman of Ahold Delhaize's Supervisory Board.

Stahl has stepped down from his position as Chairman of the Audit, Finance, and Risk Committee, in addition to being a member of the Governance and Nomination Committee. Stahl made the decision to resign due to other business-related commitments in the United States, according to a press release.

Stahl served as a member of Delhaize Group’s Supervisory Board since 2008. After the companies merged into Ahold Delhaize, Stahl served on the Ahold Delhaize Supervisory Board since July 24, 2016.

Taking over Stahl’s duties as Chairman of the Audit, Finance, and Risk Committee, Supervisory Board Member René Hooft Graafland has agreed to assume his responsibilities upon the announcement.

For all the latest in executive announcements, count on AndNowUKnow for your buy-side updates and their effect on the industry.

Ahold Delhaize