Corporate Executive Board
Ahoid is managed by the Corporate Executive Board, which
is supervised by the Supervisory Board. The Corporate
Executive Board as a whole is responsible for the
management and the general affairs of Ahoid.
Composition
Ahoid's Articles of Association provide that the Corporate
Executive Board must consist of at least three members and
that in the event of a vacancy the remaining members or
the sole remaining member will conduct the management of
the Company. As of May 18, 2006, the Corporate Executive
Board consists of three members: Anders Moberg,
President and CEO, John Rishton, Executive Vice President
and Chief Financial Officer and Peter Wakkie, Executive Vice
President and Chief Corporate Governance Counsel. John
Rishton began serving as acting Executive Vice President
and CFO on January 2, 2006 and was appointed to the
Corporate Executive Board at the annual General Meeting
of Shareholders on May 18, 2006. On May 10, 2006 Ahold
announced that Dick Boer was nominated for appointment
to the Corporate Executive Board. Dick Boer assumed
the position of acting Corporate Executive Board member
on that date. Mr. Boer is a nominee for appointment to the
Corporate Executive Board at the annual General Meeting
of Shareholders on May 3, 2007.
Retirement and reappointment schedule
Appointment, suspension and dismissal
Corporate Executive Board members are appointed for a
term of four years and may be reappointed for additional
terms not exceeding four years. The Supervisory Board may
at any time suspend a Corporate Executive Board member.
The General Meeting of Shareholders appoints, suspends,
or dismisses a Corporate Executive Board member by an
absolute majority of votes cast, upon a proposal made by the
Supervisory Board. If another party makes the proposal,
an absolute majority of votes cast, representing at least one-
third of the issued share capital, is required. If this qualified
majority is not achieved but a majority of the votes exercised
was in favor of the proposal, then a second meeting may be
held. In the second meeting, only a majority of votes
exercised, regardless of the number of shares represented
at the meeting is required to adopt the proposal to appoint,
suspend or dismiss a Corporate Executive Board member.
Remuneration
The General Meeting of Shareholders on May 18, 2006
adopted the remuneration policy for Corporate Executive
Board members. Details on this policy can be found in the
"Remuneration" section of this Annual Report.
For detailed information on the individual remuneration
of Corporate Executive Board members, see Notes 8
and 9 to the consolidated financial statements in this
Annual Report.
Name
Date of birth
Date of initial
Date of possible
Date of
appointment
reappointment(s)
retirement
Anders Moberg March 21, 1950 September 4, 2003 2008
Peter Wakkie June 22, 1948 November 26, 2003 not applicable 2008
John Rishton February 21, 1958 May 18, 2006 2010
The Corporate Executive Board Charter can be found in the corporate governance section of our website at www.ahold.com.
Ahold Annual Report 2006 23
