Utrecht, April 18, 2006
Royal Wessanen nv announces today that Richard
Lane will become President and Chief Executive Officer of its North American
activities. He will succeed Alec Covington, who has accepted the position of
CEO of Nash Finch Company, a leading food distribution company based in the
Richard Lane has extensive international and U.S. experience in food sales and
distribution. Spanning a career of over 30 years, he has worked for such
companies as Frito-Lay, PepsiCo Food Systems, Ameriserve and Supervalu in
various leadership positions. His extensive background includes snack food
distribution, food service distribution and retail grocery distribution.
Currently, he is President of Supervalu’s Eastern Region where he leads a
wholesale distribution organization supplying USD 2.7 billion in refrigerated,
frozen and ambient temperature products to 700 retail outlets. During his
career he has consistently demonstrated the ability to implement strategies for
increased revenue, reduced operating expense and improved customer service.
Alec Covington has successfully managed the turnaround of Tree of Life over the
past years. He transformed the company from a loss-making operation into a
lean, efficient and competitive company. He was rewarded for this performance
by the opportunity to become CEO of one of America’s Fortune 500 companies.
Ad Veenhof, Wessanen CEO, comments: “I knew that someone with Alec Covington’s
competencies and experience would leave Wessanen at some point and that this
could happen after having completed the turnaround at Tree of Life. The job
that he has been offered is clearly related to his success in getting Tree of
Life back on track, and I would like to congratulate him with this fantastic
next step in his career.
As a successor for Alec, we searched for a CEO with outstanding sales and
marketing experience in food retail and distribution to help drive our top line
growth. Therefore, I am very happy that Richard has agreed to join our
organization. He has an impressive record of managing growth. At Supervalu, he
increased sales while implementing numerous distribution initiatives to lower
operating costs. He is a driven and energetic leader that fits perfectly with
the Tree of Life team in North America.”
Royal Wessanen nv
More information: a press and analyst conference call is scheduled for Tuesday
April 18 at 16h00 CET.
The dial in numbers for the conference are: The Netherlands: + 31 (0)20 794
8181 / USA: + 1 480 293 1741
Should you have any questions, please contact Corporate Communications;
phone +31 (0) 30 29 88 831; e-mail firstname.lastname@example.org.
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