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FOR IMMEDIATE RELEASE:
Contact:
Denny Hopkins
dhopkins@aholdusa.com

GIANT TOPS ANNOUNCEMENT

GIANT FOOD STORES COMBINES SERVICES WITH TOPS MARKETS, ANNOUNCES PROMOTIONS

CARLISLE, PA Apr. 16, 2003 GIANT Food Stores yesterday announced a number of organizational changes that will take effect June 1 between its operations in Carlisle, Pa. and those of Tops Markets in Williamsville, N.Y..

This is a final step in a shared services strategy that both companies have been working towards since 2000. It combines strengths in all operational areas allowing both companies to be more competitive on a long-term basis in their respective markets.

Tony Schiano will serve as president and CEO of the combined GIANT/Tops organization. Throughout his career with Ahold, Schiano has held many positions at ever-increasing levels of responsibility within several operating companies across Ahold USA, including Stop & Shop, BI-LO, the former Edwards and GIANT. As president and CEO of GIANT, Schiano has helped sustain GIANT’s 31 consecutive years of increased profits and growth. Schiano believes in strong business principles grounded in a commitment to doing what is best for the customer, associate and the communities in which the company serves.

“This is a new and exciting time for us here at GIANT,” said Schiano. “We are pleased to be working more closely with the great people at Tops to reaffirm our commitment to our customers, offering quality, selection and savings everyday.”

Max Henderson has been named to the newly created position of executive vice president and general manager of Tops. Most recently, Henderson has held the position of vice president of operations and merchandising at GIANT and has extensive knowledge of the industry gained from his long career with Ahold, which began in 1982. Henderson will oversee operations, sales, merchandising, performance profitability and customer service, and will report to Schiano.

John Bussenger who is currently the senior vice president of human resources for GIANT has been promoted to executive vice president of human resources for GIANT and Tops. Bussenger will assume oversight of all areas of human resources at Tops. Bussenger joined Finast in 1974 as a store management trainee and after serving as a store manager moved into the labor relations and human resources field.

Additionally, Mike Sonberg has been promoted to vice president of operations and merchandising at GIANT. With 18 years of grocery experience, Sonberg has been part of the GIANT team for five years and previously held the positions of senior category manager of meat and most recently, director of meat and seafood category management.

Based in Carlisle, Pennsylvania, GIANT Food Stores, LLC employs more than 19,000 associates and currently operates 113 stores in four states. The chain operates under the name GIANT Food Stores throughout Pennsylvania and under the name MARTIN’S Food Markets in Maryland, Virginia, West Virginia and Pennsylvania.

GIANT Food Stores, LLC was founded in 1923 and is one of the oldest employers in central Pennsylvania. GIANT has a proud tradition of giving back to the communities in which it operates. In 2002, the organization donated more than $10.4 million to charities involved in fighting hunger, children’s hospitals and numerous community programs.

GIANT Food Stores and Tops Markets are a part of Royal Ahold, a Netherlands based company. Ahold is a leading food provider in the United States and elsewhere in the world with total sales of approximately USD 52 billion. Over 60% of its worldwide sales are currently generated in the United States.

Mike Sonberg, Vice President Operations and Merchandising of GIANT

John Bussenger, Executive Vice President Human Resources of GIANT and Tops

Max Henderson, Executive Vice President and General Manager of Tops

Tony Schiano, President and CEO of GIANT and Tops

 
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