Ahold has announced that Henny de Ruiter is to resign as chairman of its supervisory board at the next general meeting in October in the wake of investor pressure at the troubled Dutch retailer. Karel Vuursteen will succeed De Ruiter as chairman, with further changes to the board to be made at the 2004 agm.

Ahold CEO Anders Moberg has been forced to waive his guaranteed severance payment and bonus on the back of public pressure.

Ahold admitted sales at its flagship chain Albert Heijn declined during a consumer boycott as part of an ongoing protest against Moberg’s salary. A report in Dutch newspaper De Volkskrant said sales fell 5%.