Carlisle, Pa.-based Ahold USA has announced that Paula Price, EVP and CFO, recently was recognized by the Boston Business Journal with the 2012 CFO of the Year Award in the public company category. She was honored at the business publication’s annual luncheon on July 25.
“Paula is a pioneer in the grocery retail industry, using her extensive experience and knowledge of finance to assist our company in continuing to streamline operations and process,” said Carl Schlicker, COO of Ahold USA. “Her broad skill set and professionalism have inspired confidence and earned her great respect here within Ahold USA. I can’t think of a CFO more deserving of this honor.”
Price joined Ahold in 2009 as CFO at Stop & Shop/Giant Landover. When the company reorganized in 2009, she was promoted to EVP and CFO of Ahold USA, responsible for the company’s U.S. finance, strategy and planning, real estate development and construction, and technology functions. As part of Ahold USA’s reorganization, Price has overseen $700 million in cost savings through process efficiencies and simplification, which has allowed the company to reinvest back into the business by funding well-defined sales efforts, customer loyalty and e-commerce initiatives.
In addition to her responsibilities with Ahold USA, Price serves on the board of trustees of the Newton-Wellesley Hospital, board of overseers of the Museum of Fine Arts, Boston and, until it was sold in June, on the board of directors for Charming Shoppes Inc.
Ahold USA is part of Ahold, a Dutch-based international food retailing group that operates supermarkets in the United States and Europe. Ahold USA supports four regional divisions—Stop & Shop New England, Stop & Shop New York Metro, Giant Landover, and Giant Carlisle—that together operate more than 750 supermarkets with approximately 115,000 associates in 14 states and the District of Columbia along with Peapod, the nation’s leading e-commerce grocery shopping/delivery service.