Ahold Delhaize USA taps Food Lion executive as CFO
Ahold Delhaize USA has named Jason Wilson as chief financial officer, the grocery company said Tuesday.Wilson, who has worked for the Dutch supermarket operator since 2000, served most recently as senior vice president of finance for Food Lion.Wilson's appointment continues a string of recent stateside C-suite changes by Ahold Delhaize.
Dive Insight:
Ahold Delhaize pointed to Food Lion's stellar performance in announcing that it had selected an executive of the East Coast supermarket chain to oversee its financial operations.
Food Lion has led the way among Ahold Delhaize's U.S. banners, recording 50 consecutive quarters of same-store sales growth and posting nearly 40% online sales growth during the company's most recent quarter.
Wilson worked for Food Lion, which runs more than 1,100 supermarkets in 10 states, for more than a decade. He was involved with key initiatives for the chain, including the development of new stores and renovation projects, Ahold Delhaize said.
Earlier in his career, Wilson served in multiple roles for Delhaize America, Ahold Delhaize USA's predecessor, beginning as an inventory controller in accounting and moving on to positions including director of business development, vice president of strategy, and vice president of finance and business planning.
"Jason has a retail-oriented, customer-first mindset and a relentless focus that will enable our U.S. businesses to continue to thrive," Ahold Delhaize CEO JJ Fleeman said in a statement.
In addition to leading financial strategy and operations for Ahold Delhaize USA, Wilson is playing an "instrumental role" in growing the company's presence as an omnichannel retailer, the company said. Ahold Delhaize has been dealing in recent quarters with sluggish e-commerce penetration and online sales in the U.S., in part because of its decision in 2023 to sell New York area e-grocer FreshDirect.
Ahold Delhaize USA has also looked within its ranks for people to fill other top-level roles. In April, the grocery store operator promoted senior executives Sanja Krajnovic and Keith Nicks to the roles of chief supply chain officer and chief commercial and digital officer, respectively. Last year, the company named Marc Stolzman, who had served as executive lead of finance for its former Peapod Digital Labs technology support group, as chief sustainability officer.
In February, Ann Dozier, a former Southern Glazer's Wine and Spirits executive, joined Ahold Delhaize USA as chief information officer.
Copyright 2025 Industry Dive. All rights reserved.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Gen Phoenix Closes $15M Round, Enters 3-Year Supply Deal with Tapestry
Gen Phoenix and Tapestry are making it official—again. This time, it's a material commitment The partners announced an over $50 million, three-year contracted material supply deal and a $15 million funding round led by Material Impact. More specifically, the Coachtopia company increased its ownership stake in Gen Phoenix to 9.9 percent in a move that nearly quadrupled Tapestry's initial investment. More from Sourcing Journal The Science of Sunwear Material World: Decathlon Runs with Rheon, Spiber Goes Dutch in Paris PBS Docuseries Unravels Fashion's Final Destination 'Tapestry's approach to next-generation material innovation is guided by a disciplined framework that balances strategic focus with exploratory breadth,' said Scott Roe, chief operating and financial officer at Tapestry. 'We recognize that scaling a breakthrough to margin-moving relevance requires more than just promising technology—it demands commercial viability, supply chain readiness, and brand alignment.' For Tapestry, the investment delivers supply chain resilience, quality performance and alignment with next-gen consumers' values. 'Tapestry's follow-on investment in Gen Phoenix was structured as an equity stake increase, not as a convertible or hybrid instrument,' Roe explained. 'The partnership also includes a three-year contracted supply agreement, reinforcing our shared commitment to accelerating the adoption of next-generation materials across our brand portfolio.' For Gen Phoenix, the investment 'realizes the full value' and commercial potential of its technology platform, as evidenced by the successfully demonstrated expansion beyond tannery waste to translate post-industrial and post-consumer leather waste into circular materials. 'Gen Phoenix is making strategic investments into R&D to continue to advance our position as a global leader in circular materials said John Kennedy, chief executive officer of Gen Phoenix. He added that this closed-loop material solution, better known as Helios, is a 'bold example' of how Gen Phoenix is both responding to and driving market shifts. 'Proof that sustainability can scale; circularity can be profitable and next-gen innovation can meet the highest standards of safety and performance.' The relationship between Gen Phoenix and Tapestry has evolved beyond the traditional vendor dynamic initiated back in 2022. 'This investment reflects our belief in the power of innovation to drive both purpose and profit,' Roe said. 'Gen Phoenix's platform enables circularity at scale—delivering high-quality materials that meet the style, performance and impact expectations of today's consumer.' This next iteration serves as a blueprint, the collaborators said, for brands and material innovators to (successfully) cooperate on sustainable solutions. The partners worked side-by-side to share R&D access, factory floors and design ideas in pursuit of engineering a material that 'honors the heritage of leather Tapestry brands' while extending its life with Gen Phoenix's circular practices. To that end, the multi-faceted partnership solidifies Gen Phoenix's role as a 'core material innovation partner' for Tapestry brands by enabling access to next-generation materials at 'unprecedented scale and consistency,' the Coach parent said. Coupled with retail's increasing interest in 'luxcycling,' Gen Phoenix's portmanteau for 'the use of innovative materials and proprietary manufacturing processes to extend the lifespan of luxury fashion and accessories products while maintaining the heritage and quality standards,' the rest of the industry can look to this expanded partnership on how to follow suit. 'As global leader in quality leather goods, we see significant opportunity to be a catalyst of next-generation materials that are consistent with our heritage of craftsmanship,' Roe said. 'This partnership reinforces our commitment to leading the fashion industry in sustainable innovation and ensuring a resilient, future-ready supply chain.' Gen Phoenix was funded in part by Material Impact's second material impact fund (MIF II) as well, according to the Boston-based deep venture capitalist. The MIF II wrapped in June 2020, per a blog post by the fund's cofounder and managing partner, Carmichael Roberts. It raised a cumulative, oversubscribed $195.3 million from 44 financiers. Formerly known as ELeather, the UK-based upcycler completed an $18 million funding round in March 2023—also led by Material Impact—which saw the leather rescue-and-regenerator rebrand to the name Gen Phoenix. 'We don't really invest in fads,' Material Impact's marketing partner Elyse Winer said to The Boston Globe at the time. 'We invest in these problems that aren't going away.' Thanks to the $15 million investment round, Gen Phoenix plans to expand into new categories and global markets. These expansions, per Kennedy, demonstrate how Gen Phoenix continues molting—evolving from a transport materials supplier to a circular platform across consumer markets 'with momentum in sectors where sustainability is becoming a competitive advantage.' 'We're focused on expanding into high-growth sectors like automotive interiors and tech accessories, where the demand for sustainable, high-performance materials is accelerating,' Kennedy said. 'These sectors offer a compelling intersection of design, performance and sustainability—all areas where our material platform excels. The auto space is particularly exciting, especially our partnership with a Jaguar Land Rover, as it underscores confidence in our technology and potential.' The UK company also plans to scale its production infrastructure at its Peterborough facility, which has an annual capacity of 60-plus million square feet. In tandem, Kennedy said, accelerating R&D and commercialization efforts for Helios, the company's circular solution (aka integrating post-consumer and end-of-life waste), is in response to demand. 'This expanded partnership marks a major milestone—not just for Gen Phoenix, but for the future of sustainable materials,' Kennedy said. 'Together with Tapestry, we're proving that circular innovation can meet the demands of global brands without compromise. It's a powerful example of what happens when you combine material innovation, leather heritage, shared values and a commitment to scale.' These examples, per Roe, align against Tapestry's broader commitment to circularity, material innovation and reducing environmental impact across the group's value chain. 'Ultimately, our goal is to ensure that every next-gen investment has a clear path to commercial relevance,' Roe said. 'And that our innovation strategy remains tightly aligned with our business priorities and stakeholder expectations.' To that end, Tapestry is 'actively exploring' opportunities to close the loop on leather waste. As part of this expanded relationship, Tapestry is evaluating formal take-back channels that would allow the group to redirect post-industrial leather scrap into Gen Phoenix's recycling process. 'Our focus remains on scaling responsibly across our portfolio,' Roe said. 'Each brand within the Tapestry house brings a unique heritage and consumer base; we're approaching future volume growth in a way that reflects those distinct identities.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
One of the most critical AI companies in the world just said it ‘cannot confirm' growth in 2026, wiping out $30 billion
Shares of ASML, the Dutch semiconductor equipment giant, tumbled 11% on Wednesday after the company announced it could no longer confirm that it will grow in 2026. The drop wiped out over $30 billion in market value and sent shockwaves through global tech markets, as investors digested the implications for the broader semiconductor and AI industries. The selloff followed ASML's second-quarter earnings report, which beat expectations on revenue and net profit, with robust bookings of $6.4 billion. However, CEO Christophe Fouquet's comments overshadowed the strong results: 'While we still prepare for growth in 2026, we cannot confirm it at this stage,' he said, citing escalating macroeconomic and geopolitical uncertainty, especially the threat of new tariffs on semiconductor equipment. Smart money watches ASML for signals on the tech cycle's health; a growth warning here may be the market's early clue that the AI and semiconductor supercycle is reaching a plateau—or at least preparing for turbulence. Why ASML's outlook matters more than most This isn't just a company-specific event—it could be a canary in the coal mine for the global tech and AI ecosystem. Why? ASML is the world's exclusive supplier of EUV lithography machines—the ultra-precise fabrication equipment that makes cutting-edge semiconductors possible. Every state-of-the-art AI accelerator, every data-center chip that powers generative AI, traces its technological lineage back to ASML's tools. So when ASML tells the market it 'cannot confirm' growth for 2026—despite beating on current earnings—it's signaling not just caution about its own pipeline, but a potential inflection point in the most future-critical segment of the electronics supply chain. In other words: if ASML's order book slows, it means that downstream chipmakers may anticipate softer demand, have rising uncertainty about capex returns, or are bracing for policy headwinds. The context matters: This is a moment when AI demand has been surging, but in 2025 it's now colliding with macro uncertainty, particularly driven by U.S.-EU tariff threats, China export restrictions, and capex fatigue after a historic tech investment wave. ASML's lead times are 12 to 18 months—with orders today reflecting confidence in global chip demand well into 2026. If that confidence is wavering, it ripples through the entire innovation economy. ASML is not just another tech stock—it is the linchpin of the global semiconductor supply chain. The company is the world's sole supplier of extreme ultraviolet (EUV) lithography machines, the critical technology that enables the production of the most advanced chips used in everything from AI accelerators to smartphones and data centers. What's behind the growth warning? Several factors converged to cloud ASML's outlook. One was tariff uncertainty. President Trump's threat of 30% tariffs on European imports, including semiconductor equipment, has rattled ASML's customers. The company warned that tariffs on new systems and parts shipped to the U.S., as well as possible retaliatory measures, could directly hit its gross margins and delay customer investment decisions. Ongoing trade disputes and export controls, especially involving China and the U.S., have made it harder for ASML to forecast demand. Clients are increasingly cautious, with some potentially postponing or scaling back orders. While Q2 bookings were strong, Barclays analysts noted ASML would need to double its current order pace to meet previous 2026 growth forecasts. The backlog coverage for 2026 is at its lowest in three years, raising doubts about near-term momentum. Market reaction The market's response was swift and severe as ASML shares fell 11%, their steepest single-day drop since October 2024, when a disappointing third-quarter earnings report led to the stock price falling 16%. Wednesday's selloff dragged down the broader European tech sector and hit U.S. semiconductor equipment peers such as Lam Research and Applied Materials. In contrast, AI chipmakers such as Nvidia and AMD rose, buoyed by positive news on U.S. export policy to China, highlighting a divergence between chip designers and the equipment supply chain. This story was originally featured on
Yahoo
4 hours ago
- Yahoo
One of the most critical AI companies in the world just said it ‘cannot confirm' growth in 2026, wiping out $30 billion
Shares of ASML, the Dutch semiconductor equipment giant, tumbled 11% on Wednesday after the company announced it could no longer confirm that it will grow in 2026. The drop wiped out over $30 billion in market value and sent shockwaves through global tech markets, as investors digested the implications for the broader semiconductor and AI industries. The selloff followed ASML's second-quarter earnings report, which beat expectations on revenue and net profit, with robust bookings of $6.4 billion. However, CEO Christophe Fouquet's comments overshadowed the strong results: 'While we still prepare for growth in 2026, we cannot confirm it at this stage,' he said, citing escalating macroeconomic and geopolitical uncertainty, especially the threat of new tariffs on semiconductor equipment. Smart money watches ASML for signals on the tech cycle's health; a growth warning here may be the market's early clue that the AI and semiconductor supercycle is reaching a plateau—or at least preparing for turbulence. Why ASML's outlook matters more than most This isn't just a company-specific event—it could be a canary in the coal mine for the global tech and AI ecosystem. Why? ASML is the world's exclusive supplier of EUV lithography machines—the ultra-precise fabrication equipment that makes cutting-edge semiconductors possible. Every state-of-the-art AI accelerator, every data-center chip that powers generative AI, traces its technological lineage back to ASML's tools. So when ASML tells the market it 'cannot confirm' growth for 2026—despite beating on current earnings—it's signaling not just caution about its own pipeline, but a potential inflection point in the most future-critical segment of the electronics supply chain. In other words: if ASML's order book slows, it means that downstream chipmakers may anticipate softer demand, have rising uncertainty about capex returns, or are bracing for policy headwinds. The context matters: This is a moment when AI demand has been surging, but in 2025 it's now colliding with macro uncertainty, particularly driven by U.S.-EU tariff threats, China export restrictions, and capex fatigue after a historic tech investment wave. ASML's lead times are 12 to 18 months—with orders today reflecting confidence in global chip demand well into 2026. If that confidence is wavering, it ripples through the entire innovation economy. ASML is not just another tech stock—it is the linchpin of the global semiconductor supply chain. The company is the world's sole supplier of extreme ultraviolet (EUV) lithography machines, the critical technology that enables the production of the most advanced chips used in everything from AI accelerators to smartphones and data centers. What's behind the growth warning? Several factors converged to cloud ASML's outlook. One was tariff uncertainty. President Trump's threat of 30% tariffs on European imports, including semiconductor equipment, has rattled ASML's customers. The company warned that tariffs on new systems and parts shipped to the U.S., as well as possible retaliatory measures, could directly hit its gross margins and delay customer investment decisions. Ongoing trade disputes and export controls, especially involving China and the U.S., have made it harder for ASML to forecast demand. Clients are increasingly cautious, with some potentially postponing or scaling back orders. While Q2 bookings were strong, Barclays analysts noted ASML would need to double its current order pace to meet previous 2026 growth forecasts. The backlog coverage for 2026 is at its lowest in three years, raising doubts about near-term momentum. Market reaction The market's response was swift and severe as ASML shares fell 11%, their steepest single-day drop since October 2024, when a disappointing third-quarter earnings report led to the stock price falling 16%. Wednesday's selloff dragged down the broader European tech sector and hit U.S. semiconductor equipment peers such as Lam Research and Applied Materials. In contrast, AI chipmakers such as Nvidia and AMD rose, buoyed by positive news on U.S. export policy to China, highlighting a divergence between chip designers and the equipment supply chain. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
