With the appointment, Iacobucci will lead a team supporting the food and drug retailer’s four retail divisions — Stop & Shop New England, Stop & Shop New York Metro, Giant Landover and Giant Carlisle, which collectively operate 790 supermarkets in 14 states and the District of Columbia — along with e-grocer Peapod.
Iacobucci spent the last 10 years at Loblaw Cos., Canada’s largest food and pharmacy retailer. He relocated to the United States for his new job, which began on April 11, Ahold USA said.
His most recent role at Loblaw was president of the discount division. While at Loblaw he gained experience in the areas of supermarket merchandising, profit-and-loss ownership and retail strategy. He also held senior leadership roles in Loblaw’s grocery discount division, its drug store business unit and corporate development.
Before joining Loblaw, Iacobucci worked at Toronto-based global strategy consulting firm Monitor Group, where he focused on U.S. retail.
“We are delighted that Andrew is joining our team, and he brings outstanding merchandising experience to help us on our journey from good to great,” commented James McCann, Ahold USA’s executive vice president and chief operating officer.
Since becoming COO in February 2013, McCann has sought to significantly upgrade the reputation of Ahold’s stores, which operate under the Stop & Shop, Giant Food, Giant and Martin’s Food Markets banners. The multipronged campaign involves store upgrades and an emphasis on fresh produce.
Ahold USA is the U.S. arm of Netherlands-based Royal Ahold NV. Last June, Royal Ahold and Delhaize Group of Belgium announced they would merge. The merger is under review by the Federal Trade Commission and is expected to be completed by mid-2016, according to the companies. The combined company, Ahold Delhaize, would be the fourth-largest food retailer in the United States by market share, behind Walmart, Kroger Co. and Albertsons Cos.