Albertsons Appoints Insider to Top Role as CEO Vivek Sankaran to Retire.
Albertsons has appointed Susan Morris, its chief operations officer since 2018, to take over the top role following the retirement of CEO Vivek Sankaran. The move aims to shift focus towards building digital sales and retail media business, a strategy that aligns with Morris's background in driving operational efficiency. As part of her new role, Morris will also oversee the execution of "Customers for Life" strategy, which seeks to retain customers through loyalty offerings and personalized digital experience.
- This succession plan reflects Albertsons' cautious approach to leadership changes, following the recent merger failure with Kroger, where a similar leadership shake-up was triggered by internal power struggles.
- How will Morris's operational expertise translate into driving growth and competitiveness for Albertsons in a rapidly evolving retail landscape?