AMSTERDAM, Netherlands -- The global supermarket retailer Ahold forced out the head of its beleaguered American distributor U.S. Foodservice today, holding him accountable for overstating its profit by hundreds of million of dollars.
Ahold's supervisory board said it accepted the resignation of Jim Miller, who was the chief executive of Foodservice since 1997, following an independent report that the U.S. company had overstated profits by $880 million over three years.
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