Report of the Supervisory Board
We hereby submit for your approval the 1995 financial statements as drawn up by the
Corporate Executive Board and adopted by us. At our request, these financial statements have
been audited by Deloitte Touche. The auditor's statement may be found on page 54 under
the heading Additional Information.
In consultation with the Corporate Executive Board, we propose
to declare a dividend for 1995 of NLG 0.89 and $0.36 (1994:
NLG 0.77 and $0.30) per common share of NLG 1.25 par value.
Of these amounts, NLG 0.24 and $0.11 have already been made
payable as interim dividends. The final dividend of NLG 0.65 and
$0.25 (1994: NLG 0.58 and $0.22), just as with the interim dividend,
will be paid in cash or in stock from the tax-free additional paid-in
capital. The size and composition of the optional stock dividend
will be announced on May 2, 1996, after the close of trading on
the Amsterdam Stock Exchange.
Chairman of the Supervisory Board Mr. J.H. Choufoer will retire
from his position on May 15,1996. From this date on he will be
succeeded by Mr. H. de Ruiter.
According to the Board roster, Mr. R.J. Bogomolny and
Prof. R.E Meyer are in line to step down from the Board. Both have
requested that they be considered for reappointment. We have
decided to rename Mr. Bogomolny and Mr. Meyer to the Board.
This appointment occurred after the Shareholders' Commission
and the Central Employees' Council were given the opportunity to
recommend replacement for these openings and it was determined
that these groups had no objections to these appointments.
A similar procedure was followed for filling the vacancy
on our Board open since 1994. Effective May 14,1996, we shall
name Mr. J.A. van Kemenade to the Supervisory Board.
Mr. Van Kemenade is Governor-General for the province of Noord-
Holland in The Netherlands and possesses extensive executive
experience.
The term of Mr. J.F.A. de Soet, a member of the Board since 1983
and an advisor to our group since 1994, expired at the end of 1995.
We owe him many thanks for his valued contributions over the years.
During the year under review, the Supervisory Board met periodi
cally with the Corporate Executive Board and was kept abreast of
the course of corporate events. Topics discussed included corporate
strategy, quarterly results and the development of the financial
position. Consultations were also held regarding acquisitions made
by the company, developments in European activities, the prelimi
nary efforts in Asia, the restructuring measures taken by many of
the subsidiary companies, and the social consequences of these
actions.
The consultation meetings of the Central Employees' Council were
attended by members of our Board. Ahold's annual figures and its
social policy figured in the discussions.
Supervisory Board
Zaandam, March 27,1996
Annual Report 1995 Royal Ahold 27
