Closely involved in many
developments
Message from the Supervisory Board
We hereby present for your approval the
annual report and financial statements
for fiscal 1999 prepared by the Corporate
Executive Board and approved by us.
The financial statements have been audited
at our request by Deloitte Touche
Accountants. The auditor's report can be
found on page 73, in the section entitled
'Additional Information'. The statutory
profit-sharing statement can also be found
on page 73.
In consultation with the Corporate
Executive Board, we propose to declare
a 1999 dividend of Euro 0.49 (1998:
Euro 0.38, adjusted for optional stock
dividends) per common share of INLG
0.50 par value. Of this amount, Euro
0.14 (1998; Euro 0.12) has been paid
as interim dividend. The final dividend
of Euro 0.35 (1998: Euro 0.26) will be
paid in the form of a payout of 2%,
charged to the tax-free additional paid-in
capital, as was the interim dividend.
This dividend will be made payable on
May 24, 2000.
The membership period for Jos van
Kemenade is due to expire this year
but he has indicated his desire to be
reappointed until the year 2004.
This reappointment was approved after
consultation with the Shareholders
Committee and the Central Works
Council. In June, Arie Kranendonk
and Richard Meyer will retire from the
Supervisory Board. We want to express
our gratitude for their involvement and
contribution to Ahold.
In July 1999, Rob Zwartendijk retired as
member of the Corporate Executive Board
after a magnificent 21 year career with
the company. Over the last 10 years,
he has developed Ahold's position in the
United States into the strongest of all
the company's trade areas.
Regulations establishing the distribution
of tasks and working methods within the
Supervisory Board have been drawn up.
Supervisory Board members sit on audit,
remuneration and nomination committees,
all of which have convened during 1999.
During the year under review, the
Supervisory Board was kept informed of
developments within the company and
met with the Corporate Executive Board
on five occasions. Topics discussed
included corporate strategy, acquisitions
and the financing thereof, quarterly
results and the company's financial
position, top management structure and
composition of the Corporate Executive
Board.
The consultation meetings of the Central
Works Council, where the annual results
and Ahold's social policy were presented,
were attended by members of our board.
In August 1999, together with the
Corporate Executive Board, we paid a
working visit to Ahold operating companies
in the United States to see for ourselves
the latest initiatives being undertaken at
these supermarket chains.
Supervisory Board
Zaandam, March 7, 2000
Royal Ahold Annual Report 1999
