– BELGIUM, Brussels – Delhaize Group’s President and Chief Executive Officer, Frans Muller, confirmed during the Shareholders Meeting, its previously announced intentions for 2015 to focus on two strategic priorities, being the further roll-out of Easy, Fresh & Affordable to another 160 Food Lion stores and the implementation of the Transformation Plan at Delhaize Belgium. Mr. Muller also confirmed that Delhaize Group will spend approximately €700 million in capital expenditures at identical exchange rates while generating a healthy free cash flow.
The shareholders also approved the appointment of Mrs Dominique Leroy and Mr. Patrick De Maeseneire as independent directors for a term of four years.
Shareholders did reject the company’s Remuneration Report by a vote of 54.1% to 45.9%. In response, Mats Jansson, Chairman of the Board of Directors for Delhaize Group, said “We are disappointed by this vote, but we will take the result into consideration and consult with our shareholders.”
About Delhaize Group
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of March 2015, Delhaize Group’s sales network consisted of 3 410 stores. In 2014, Delhaize Group recorded €21.4 billion ($29.4 billion) in revenues and €89 million ($118 million) net profit (Group share). At the end of 2014, Delhaize Group employed approximately 150 000 people. Delhaize Group’s stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).
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