Corporate governance structure
We have designed our corporate governance structure to best support our business, meet the needs of our stakeholders and comply with laws and regulations.
Koninklijke Ahold Delhaize N.V. (“the Company” or “Ahold Delhaize”) is a public company under Dutch law, structured to execute our strategy and to balance local, regional and global decision-making.
In 2019, our Company comprised a Global Support Office and four reportable segments: The United States, The Netherlands, Belgium, and Central and Southeastern Europe (CSE) – each of which are made up of a number of local brands. See also Note 6 to the consolidated financial statements. Starting in 2020, the segments The Netherlands, Belgium and Central and Southeastern Europe will be combined into one reporting segment, Europe, to align with the structure of the European organization under Wouter Kolk’s leadership.
Ahold Delhaize has a two-tier board structure with a Supervisory Board and Management Board that are accountable to our shareholders. Our Management Board has ultimate responsibility for the overall management of Ahold Delhaize. The Supervisory Board supervises and advises the Management Board.
The Executive Committee comprises our Management Board and other key officers of the Company, led by the Chief Executive Officer. The Executive Committee has been established to involve a broader leadership team in the decision-making process, to optimize strategic alignment and operational execution while having the flexibility to adapt to developments in the business and across the Company and the industry.
The diagram below shows Ahold Delhaize’s governance structure. A list of subsidiaries, joint ventures and associates is included in Note 37 to the consolidated financial statements.