ZAANDAM, the Netherlands — Ahold Delhaize chief financial officer Jeff Carr plans to leave his post in April 2020, the company said on Monday.

Carr, who has served as CFO since 2011, has informed the company that he will not stand for another term as member of the management board after his current term expires at the annual shareholders meeting in April.

“I respect Jeff’s decision and wish him and his family all the best for the future,” Ahold Delhaize president and chief executive officer Frans Muller said in a statement. “I would like to recognize Jeff for his significant contributions to the Company as he remains a great partner in helping shape Ahold Delhaize, in driving our Save for our Customers program, and in delivering on our commitments. I look forward to our continued collaboration through next April as we further implement our Leading Together Strategy.”

Ahold Delhaize has begun searching for a new chief financial officer.

“It has been a pleasure to serve this great company and its associates during the last eight years,” Carr said. “I look forward to continue working with Frans to ensure a smooth transition and to help identify my successor.”