Albertsons CEO to step down after Kroger merger fails. What he says about grocer’s future
Its planned merger with Kroger over, Boise’s Albertsons supermarket chain is getting a new CEO. Vivek Sankaran, who has run the nation’s second-largest traditional grocery company since September 2019,
THE FRIDAY 5: New CEOs at Kroger, Albertsons; The Looming Threat of Tariffs
Ron Sargent, lead director of Kroger’s board of directors, was appointed to serve as CEO and chairman of the board on an interim basis. During the company’s Q4 earnings call this week, Sargent said Kroger has hired a nationally recognized search firm and will look at internal and external candidates to replace McMullen on a permanent basis.
An Albertsons official said all 39 employees would be offered jobs at the Albertsons on North Montana Avenue or the Safeway.
Earlier this week, the company completed a major renovation of its North Montana store, and announced it plans to close the Fee Street location.
Albertsons said on Monday its CEO Vivek Sankaran will retire and insider Susan Morris would assume the top role, as the ...
Rodney McMullen and Vivek Sankaran tried mightily to bring their companies together. Now they’re leaving behind retailers on ...
Albertsons operating chief Susan Morris has held that post since January 2018. The disclosure of Sankaran’s impending ...
Kroger board member Ron Sargent is taking the helm at the nation’s largest supermarket chain as questions about former CEO ...
Susan Morris, who has worked at the supermarket chain for nearly 40 years, will take over the top role on May 1 when Vivek ...
California, Oregon, Illinois and five other U.S. states have asked a U.S. judge to award them legal fees for winning an order ...
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