Vivek Sankaran

Albertsons donates $500,000 to communities impacted by natural disasters

Albertsons donates $500,000 to communities impacted by natural disasters

BOISE, Idaho  — Albertsons Cos. announced Friday it will donate $500,000 to help provide food to those impacted by Hurricane Ida and the California wildfires. The donation will support local food banks and other hunger relief organizations in providing approximately 2 million meals to affected communities. “Hurricane Ida and the California wildfires have impacted our

Albertsons Cos. raises outlook after strong Q3

Albertsons Cos. raises outlook after strong Q3

BOISE, Idaho — Albertsons Cos. raised its outlook for fiscal 2020 on Tuesday after reporting strong results for the third quarter. Highlights for the 12-week period ended December 5 included identical store sales growth of 12.3% and digital sales growth of 225%. “Our constant focus on our customers continued to drive strong growth and market

Albertsons Cos. to sell 17.5% stake to Apollo

Albertsons Cos. to sell 17.5% stake to Apollo

BOISE, Idaho — Albertsons Cos. plans to sell a 17.5% stake to the private equity firm Apollo Global Management for $1.75 billion. The deal, announced Wednesday, is expected to close by June 15. “Albertsons Companies is pleased to work with Apollo and its co-investors,” Albertsons president and CEO Vivek Sankaran said in a statement. “Apollo

Albertsons has a strong showing for fiscal 2020

Albertsons has a strong showing for fiscal 2020

BOISE, Idaho — Albertsons Cos. posted an identical store sales increase of 47% for the first four weeks of fiscal 2020, the company said on Thursday. Quarter-to-date identical sales for the first eight weeks of fiscal 2020 increased 34% compared to the comparable prior year period. Albertsons reported its first quarter sales-to-date as part of

Geoff White named executive VP at Albertsons

Geoff White named executive VP at Albertsons

BOISE, Idaho — Albertsons Cos. has promoted Own Brands president Geoff White to executive vice president and chief merchandising officer. Under White’s leadership, Own Brands penetration grew from 23.0% in fiscal year 2017 to 25.3% in the company’s most recently reported quarter. O Organics and Open Nature represent 23.6% of the total natural and organic

Albertsons names Theilmann EVP and chief human resources officer

Albertsons names Theilmann EVP and chief human resources officer

BOISE, Idaho – Albertsons Cos. announced Monday that Mike Theilmann has been named executive vice president and chief human resources officer, effective August 19, 2019. Theilmann joins Albertsons Cos. from Heidrick & Struggles, a leading global executive search and leadership consulting firm, where he served as the global practice managing partner, Human Resources Officers Practice.

PepsiCo announces leadership appointments

PepsiCo announces leadership appointments

PURCHASE, N.Y. — PepsiCo announced today that Albert Carey, chief executive officer, PepsiCo North America, will retire at the end of March 2019 after nearly four decades at PepsiCo. Vivek Sankaran, who currently serves as president and chief operating officer of Frito-Lay North America, will now become its CEO, and Kirk Tanner, who currently serves as president