CARLISLE, Pa. – Paula Price is stepping down as Ahold USA's EVP and CFO, the supermarket operator said Tuesday.
Ahold USA - a subsidiary of Netherlands-based Royal Ahold and owner of the Stop & Shop, Giant Food Stores of Carlisle, Pa., and Giant Food of Landover, Md., banners, as well as online grocer Peapod - said that current SVP business planning and performance Dan Sullivan would become the new EVP and CFO, effective Jan. 1. Sullivan will report to COO James McCann.
Price has worked with Ahold for nearly five years, but has decided to take her career "in a new direction," the company said. She will also pursue further corporate board roles to complement her existing corporate and non-profit board positions.
"I want to thank Paula for her many contributions to Ahold USA," McCann said. "During her tenure, Paula transformed Ahold USA's financial organization and led programs that delivered hundreds of millions of cost savings and helped to build a strong foundation for our future."
Sullivan has worked with Ahold since 2010, having previously served as CFO and operating officer and SVP strategy for Heineken USA.