AHOLD PUMPS UPS EARNINGS OVERSTATEMENT TO $880 MILLION

ZAANDAM, Netherlands -- Ahold here said last week U.S. Foodservice, a wholly owned subsidiary in Columbia, Md., had overstated its earnings by $880 million from 2000 to 2002, rather than by $500 million as Ahold had said in late February, when it first revealed the accounting problems at U.S. Foodservice.Late the previous week, Ahold named Anders Moberg acting chief executive officer. He was the former

ZAANDAM, Netherlands -- Ahold here said last week U.S. Foodservice, a wholly owned subsidiary in Columbia, Md., had overstated its earnings by $880 million from 2000 to 2002, rather than by $500 million as Ahold had said in late February, when it first revealed the accounting problems at U.S. Foodservice.

Late the previous week, Ahold named Anders Moberg acting chief executive officer. He was the former president and CEO of IKEA Group, the Swedish furniture manufacturer and retailer.<

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