Ahold USA subsidiary’s president bows out
Jun 25, 2003 12:00 PM, from staff and wire reportsWilliam Grize, president and chief executive officer of Ahold USA, has accepted the resignation of Frank Curci, effective immediately. Curci, who served as president and CEO of Tops Markets LLC since 2000, had been transitioning to a new role as chief operating officer at Giant Food of Landover MD.
In May 2003, Ahold announced that through an internal audit, accounting irregularities for the year 2002 were discovered at Tops. As CEO, Curci was responsible for oversight and control of the business. As such, Curci and Grize determined it was not appropriate for him to assume his new role at Giant-Landover, and therefore Curci tendered his resignation. Curci had been with Ahold serving in various positions for eight years.
Max Henderson has become executive vice-president and general manager at Tops, reporting to Tony Schiano, president and CEO of Giant Food Stores, another Ahold USA company. Giant–Landover does not plan to fill the chief operating officer position at this time.
Tops is one of six retail operating companies under Ahold USA. Headquartered in Chantilly VA, Ahold USA oversees 1,600 stores in the United States.