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Susan Morris Appointed As CEO of Albertsons Companies, Inc., Following Vivek Sankaran's Planned Retirement

Mar 04, 202510 months ago

Position

Chief Executive Officer

Company

Albertsons Companies

Susan Morris
BoiseFood And BeverageRetail

Description

Albertsons Companies, Inc announced a CEO succession plan, appointing Susan Morris as the new CEO following the planned retirement of Vivek Sankaran. Morris, who currently serves as the Executive Vice President and Chief Operations Officer, will assume the CEO role effective May 1, 2025. The company also confirmed the reaffirmation of its fiscal 2024 outlook.

Company Information

Company

Albertsons Companies

Location

Boise, Idaho, United States

About

Albertsons Companies is a leading food and drug retailer in the United States. As of September 9, 2023, the Company operated 2,272 retail food and drug stores with 1,726 pharmacies, 401 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 34 states and the District of Columbia with 24 banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2022, along with the Albertsons Companies Foundation, the Company contributed more than $200 million in food and financial support, including more than $40 million through our Nourishing Neighbors Program to ensure those living in our communities and those impacted by disasters have enough to eat.

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