Albertsons Companies Appoints Jim Donald President and Chief Operating Officer

Boise, Idaho, March 05, 2018 (GLOBE NEWSWIRE) -- Albertsons Companies announced today that Jim Donald, former President and Chief Executive Officer of Starbucks, has been appointed President and Chief Operating Officer of Albertsons Companies, effective immediately. Donald is an experienced retail operator with extensive knowledge of Albertsons Companies, having previously held senior leadership roles at both Albertson’s, Inc. and Safeway, Inc. Donald also served as a member of the Board of Directors of Rite Aid from 2008 to 2013.

As President and Chief Operating Officer, Donald will have responsibility for the operations of the retailers’ 2,300+ store portfolio and help with the acceleration of the company’s growing omnichannel platform. Following the close of the recently announced merger with Rite Aid, subject to customary regulatory approvals and approval by Rite Aid shareholders, Donald will continue in this role and work alongside the rest of the combined company’s leadership team. Donald replaces Wayne Denningham, who retired earlier this year. Susan Morris, who was named Executive Vice President and Chief Operations Officer in January 2018, will continue in her role.

“Jim Donald has built an exceptional career in retail. His knowledge of our company and industry is unmatched, and I know his contributions will be invaluable as we enter the next chapter of Albertsons Companies,” said Bob Miller, Albertsons Companies Chairman and Chief Executive Officer. “We look forward to tapping his expertise in leading large consumer brands as we work every day to meet our customers’ needs, both in-store and online.”

Most recently, Donald served as Chief Executive Officer of Extended Stay America, a large US-based hotel chain, from 2012 to 2015. From 2009 to 2011, Donald served as President and Chief Executive Officer of food and pharmacy retailer Haggen, Inc. Prior to that, he spent six years at Starbucks, leading the company through a period of strong growth and performance, working his way up from President of its North America Division to President and Chief Executive Officer of Starbucks Corporation. Earlier in his career, Donald led Pathmark Stores, Inc. and held a variety of senior management positions with Albertson’s, Inc., Safeway, Inc. and Wal-Mart Stores, Inc.

Said Donald, “Having first worked at Albertsons 42 years ago, I have watched as an insider and from afar how their keen focus on customer service maintained a solid foundation for their team through the years. Their acquisitive nature combined with their recent innovation efforts and strong Own Brands portfolio have helped them to build an even stronger company today. I look forward to being a part of the team that takes this great company into the future and continues to serve the food, health, and wellness needs of today’s busy customers.”

About Albertsons Companies

Albertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. We operate stores across 35 states and the District of Columbia under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs. Albertsons Companies is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood.

Important Notice Regarding Forward-Looking Statements

This press release contains certain forward-looking statements. Statements that are not historical facts, including statements about our perspectives and expectations, are forward looking statements. The words “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions, when related to the Company and its subsidiaries, indicate forward-looking statements. These statements reflect the current view of management and are subject to various risks and uncertainties. These statements are based on various assumptions and factors, including general economic, market, industry and operational factors. Any changes to these assumptions or factors may lead to practical results different from current expectations. Excessive reliance should not be placed on those statements. Forward-looking statements relate only to the date they were made, and the Company and its subsidiaries undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made.


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ed70956b-8514-4ed0-8e8c-1dd16cebd0b4

Christine Wilcox Albertsons Companies 208-395-4163 Christine.Wilcox@albertsons.com

Source: Albertsons Companies