Paula A. Price was Executive Vice President & Chief Financial Officer of Ahold USA (then a $26B supermarket company in Quincy, Massachusetts) from May 2009 to January 2014. She was responsible for Finance, Accounting and Shared Services; Strategy and Planning; Real Estate Development and Construction; Not-for-Resale Sourcing; and Information Technology. She transformed the Finance function; delivered a $1 billion cost savings program to fund strategic growth initiatives; and led a team of over 1,000. For these accomplishments, she was recognized as “CFO of the Year” by the Boston Business Journal in 2012 and featured in CFO magazine.
Ms. Price’s career includes senior-level finance, general management and strategy roles based in New York, London and Chicago in retail (grocery and pharmacy), financial services, and consumer packaged goods industries. Prior to joining Ahold in 2009 as Chief Financial Officer of Stop & Shop/Giant Landover, she was Senior Vice President, Controller and Chief Accounting Officer for CVS Caremark Corporation, and a key player in the $26 billion CVS Caremark merger deal. Previously, she worked in the financial services industry at JP Morgan Chase and Prudential Insurance Co. of America; and in the consumer packaged goods industry at Diageo and Kraft Foods. She began her career in public accounting at Arthur Andersen & Co.
Ms. Price currently serves on the corporate boards of directors of Accenture plc (NYSE:ACN), Dollar General Corporation (NYSE:DG), and Western Digital Corporation (NASDAQ:WDC). She is also a board director of Financial Guaranty Insurance Company, Blue Cross Blue Shield of Massachusetts, Big Brothers Big Sisters of Massachusetts Bay; and on the board of overseers of the Museum of Fine Arts, Boston. On these boards, she serves on the Audit, Finance, Healthcare, and Communications committees as applicable. Ms. Price was a board director of Charming Shoppes, Inc. (NASDAQ: CHRS) from March 2011 until it was sold, and a board trustee of Newton Wellesley Hospital.
Ms. Price earned her MBA in Finance and Strategy from University of Chicago Booth School; and her BSc in Accountancy from DePaul University. She is a certified public accountant. In addition, Ms. Price is a member of the Massachusetts Chapter of International Women’s Forum, American Institute of Certified Public Accountants, and National Association of Corporate Directors.