Greenback Common has named Ahold Delhaize USA chief govt officer (CEO) Jerry Fleeman Jr as its subsequent CEO, with the management change set to take impact on 1 January 2027.
In accordance with the US low cost retailer, Fleeman Jr will succeed present CEO Todd Vasos.
Ahold Delhaize USA is the guardian of a number of US grocery companies, together with Meals Lion, Big Meals, Hannaford Supermarkets and Cease & Store.
Throughout greater than 35 years with Ahold Delhaize’s corporations, Fleeman Jr has labored in technique, operations, advertising and merchandising.
He beforehand held a variety of senior positions spanning areas similar to retailer operations, merchandising, advertising and retailer portfolio administration.
Greenback Common chairman of the board David Rowland stated: “He [Fleeman Jr] has a confirmed CEO observe file of creating a transparent strategic imaginative and prescient and driving measurable outcomes.
“His management displays a deep dedication to strengthening buyer relationships, driving robust cultures that allow significant worker experiences, and creating lasting influence throughout the communities he serves.”
Vasos will stay within the CEO put up till the change takes impact. After stepping down, he’s set to develop into senior adviser by 2 April 2027.
The corporate expects he’ll proceed to serve on the board following the handover.
Greenback Common stated that in Vasos’s mixed decade as CEO, from 2015 to 2022 and once more from 2023 to the current, he oversaw technique shifts, retailer enlargement and format modifications, together with digital developments and the corporate’s transfer into worldwide markets.
In a separate growth, the corporate additionally pointed to the enlargement of recent produce availability to greater than 7,000 areas, the introduction of the DG Personal Fleet driver programme, and entry into Mexico beneath the Mí Tremendous Greenback Common banner.
For the complete fiscal 12 months that ended 30 January 2026, Greenback Common’s web gross sales grew 5.2% to $42.72bn.
Similar-store gross sales elevated 3%, reflecting a 1.6% rise in buyer visitors and a 1.4% enchancment within the common transaction worth.
Working revenue for FY25 reached $2.20bn, representing a rise of 28.6%.
Internet revenue rose 34.4% to $1.51bn whereas diluted EPS superior 34.1% to $6.85 from $5.11 within the earlier 12 months.
Trying forward, the retailer expects web gross sales in fiscal 2026 to develop between 3.7% and 4.2%, with same-store gross sales projected to extend by 2.2% to 2.7%.
“Greenback Common appoints Jerry Fleeman Jr as subsequent CEO” was initially created and printed by Retail Perception Community, a GlobalData owned model.
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