Frank Curci Resigns

Jun 26, 2003
George Anderson

By George Anderson

Frank Curci, chief executive of Tops Markets and Ahold’s choice to become chief operating officer at Giant Food, resigned from the company after taking responsibility for $29 million in accounting irregularities.

A company release said, “In Curci’s role as CEO he held responsibility for oversight and control of the business. As such Curci and [Ahold USA chief executive William] Grize determined it was not appropriate for him to assume his new role.”

Moderator’s Comment: How are employee’s of Ahold’s
subsidiaries being affected by the accounting scandals that have hit the company?
If you’re Bill Grize, what do you do now?

Anderson – Moderator

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