Ahold’s Paula Price honored as ‘CFO of the Year’

Paula Price, chief financial officer of NEW title sponsor Ahold USA, has been recognized by Boston Business Journal as the 2012 CFO of the Year in the public business category.

Price’s knowledge of finance and her broad experience, combined with her managerial abilities and understanding of the business, has enabled her to dramatically expand her role well beyond the traditional role of CFO, Ahold USA said in a statement. In addition to serving as the chief financial officer, she is responsible for leading the retailer’s real estate, construction and information management teams.

"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 processes,” the company noted. "Since our reorganization in 2009, Paula has overseen $700 million in cost savings through process efficiencies and simplification. She has been actively engaged in identifying strategic, commercial and financial strategies that drive top line and bottom line growth. This has enabled our company to reinvest back into the business and grow sales and market share in the midst of a turbulent economy.”