Belgian international food retailer Delhaize Group, whose U.S. banners include Hannaford, Sweetbay and Food Lion, has announced that president and CEO Pierre-Olivier Beckers intends to retire from his executive role by the end of this year.
Food Lion president Cathy Green Burns has left the company and is being succeeded by Beth Newlands Campbell as part of a major organizational shakeup at Delhaize America, according to published reports.
Delhaize America, the U.S. division of Delhaize Group, saw a decrease in underlying operating profit prompted by soft sales, an increase in operating expenses to support growth projects and price investments for fourth quarter 2011.
Network growth and higher retail inflation prompted growth in both revenues and comparable-store sales for Delhaize America, the U.S. division of Delhaize Group, for the third quarter ended Sept. 30.
The Belgium-based parent company of Delhaize America, which operates such banners as Food Lion and Harveys in the United States, has elected new members to its board of directors.
First-quarter revenue for Delhaize America, the U.S. sector of the Delhaize Group, which includes such supermarket banners as Food Lion and Bottom Dollar, experienced a 0.1% increase to nearly $4.7 billion, the company reported.
Delhaize Group on Thursday said that while its U.S. revenues dropped 1% to $18.8 billion, the retail conglomerate hopes to keep its business afloat by going forward with its New Game Plan.