Party City taps former Ahold exec as new finance head

Party City Holdco Inc. on Thursday named Daniel J. Sullivan as CFO.



Sullivan succeeds Michael A. Correale, who is stepping down as Party City CFO to focus on the newly created position of executive VP chief accounting officer and treasurer, effective Aug. 29. In his new role, Correale will be responsible for all of the company’s external financial reporting, treasury functions, banking and credit relationships.



Sullivan most recently served as executive VP-finance and CFO with Ahold USA and was a member of it executive board. Prior to joining Ahold in 2010, Mr. Sullivan spent 12 years at Heineken in executive finance positions both in the United States and Europe. Early in his career, Sullivan was a controller for Amscan Inc., the U.S. wholesale division of Party City.



"I am delighted to welcome Dan back to our business which has certainly changed quite a bit since he was last a member of our team,” said James M. Harrison, CEO, Party City. “The tremendous experience that Dan has gained in both retail and wholesale make him an ideal candidate for this position.”