Albertsons executive team

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Albertsons Cos. Names Sharon McCollam President, CFO; News Sends Stock Soaring

In its latest strategic move designed to accelerate its transformation, Albertsons Cos. has tapped Sharon McCollam as president and CFO, reporting to CEO Vivek Sankaran. McCollam will succeed Bob Dimond, who is retiring, but will remain with the company as an adviser through February 2022 to “ensure a seamless transition,” the Boise, Idaho-based company said. 

Broadly recognized as the co-pilot of Best Buy’s Renew Blue transformation, which has been regarded as one of the foremost omnichannel transformations in the retail sector, McCollam, 59, retired from Best Buy in 2016, where she was EVP, chief administrative officer and CFO.

Prior to Best Buy, McCollam held several transformational leadership positions at Williams-Sonoma Inc. from 2000 to 2012, including COO and CFO from 2006 to 2012. Since retiring from Best Buy, McCollam has been a member of several corporate boards, including companies with a strong consumer, e-commerce and healthcare presence.

Albertsons Sharon McCollam

Sharon McCollam

Following the announcement that McCollam had joined Albertsons' executive team, the company’s stock was up nearly 14% as of 11 a.m. EDT.

As president and CFO of Albertsons Cos., McCollam will assume several leadership responsibilities, including finance, corporate strategy, information technology, supply chain operations and property development, and will be involved in all aspects of the company’s growth and transformation strategy. In addition to her proven financial leadership, McCollam brings broad retail and omnichannel operational expertise that will help accelerate the achievement of Albertsons' goals, the company said.

“I am thrilled to have Sharon join the Albertsons team,” said Sankaran in a statement. “We are entering the next phase of our transformation, centered on building deeper relationships with customers through data, technology and connected omnichannel solutions. Sharon has done just this throughout her career, helping to engineer multiple retail transformations, including the spectacular turnaround of Best Buy and the digital transformation at Williams-Sonoma. Sharon is well-known for her expertise in retail operations and digital growth strategies as well as her passion for building customer-centric cultures. I look forward to working closely with her to architect the evolution of our strategy and create value for all of our stakeholders.”

Sankaran added, “I would like to thank Bob Dimond for his contributions to Albertsons Cos. over the past seven years. He has established a strong foundation for our finance team and was extremely instrumental in our IPO. Bob helped us deliver consistent financial results, improve our balance sheet, and elevate the level of investment in our business. We wish him the very best in his retirement.”

“I am thrilled to be joining Vivek and the Albertsons leadership team during this exciting time in the company’s history,” said McCollam. “Albertsons Cos. is a family of iconic brands that empowers and values its people, obsesses over exceeding the expectations of its customers, communities and associates, and operates at the highest levels of humility and integrity in everything it does. It is thriving because its culture is built on values that its people and communities cherish and want to protect.

“It is a privilege to be joining this incredibly high-performing team and to be stepping back into such an exceptional opportunity that will allow me to leverage my broad multi-brand, multichannel and transformation experience as well as participate in one of the most exciting customer-centric digital transformations in integrated grocery and pharmacy today,” she continued. “I could not be more excited to take on this challenge and create the kind of change that will inspire our associates, our customers, and our shareholders.”

Leadership 

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Albertsons Companies announced that Sharon McCollam will join the company on September 7, 2021, as its President and Chief Financial Officer reporting to Vivek Sankaran, Albertsons Chief Executive Officer.

According to Albertsons, McCollam will succeed Bob Dimond, who will be retiring and will remain with the company as an advisor through February 2022 to ensure a seamless transition.

McCollam, 59, retired from Best Buy in 2016 where she served as Executive Vice President, Chief Administrative and Chief Financial Officer.

She is broadly recognized as the co-pilot of Best Buy’s Renew Blue transformation, which has been regarded as one of the foremost omnichannel transformations in the retail sector.

“I am thrilled to have Sharon join the Albertsons team,” said Vivek Sankaran, Chief Executive Officer. “We are entering the next phase of our transformation, centered on building deeper relationships with customers through data, technology, and connected omnichannel solutions. Sharon has done just this throughout her career, helping to engineer multiple retail transformations, including the spectacular turnaround of Best Buy and the digital transformation at Williams-Sonoma.”

Related Article: Albertsons Boosts its Supplier Diversity Program with More Access to Working Capital

Sankaran stressed that McCollam is well-known for her expertise in retail operations and digital growth strategies as well as her passion for building customer-centric cultures.  

Prior to Best Buy, McCollam held several transformational leadership positions at Williams-Sonoma, Inc. from 2000 to 2012, including Chief Operating and Chief Financial Officer from 2006 to 2012. Since retiring from Best Buy, McCollam has served as a member of several corporate boards, including companies with a strong consumer, e-commerce, and healthcare presence.

Albertsons said in a statement that, as President and Chief Financial Officer of the grocery chain, McCollam will assume several leadership responsibilities, including finance, corporate strategy, information technology, supply chain operations, and property development, and will be involved in all aspects of the Company’s growth and transformation strategy.

In addition to her proven financial leadership, Albertsons said, McCollam brings broad retail and omnichannel operational expertise that will help accelerate the achievement of the Company’s goals.

“I am thrilled to be joining Vivek and the Albertsons leadership team during this exciting time in the Company’s history. Albertsons Cos. is a family of iconic brands that empower and values its people, obsesses over exceeding the expectations of its customers, communities, and associates, and operates at the highest levels of humility and integrity in everything it does,” said McCollam.

Albertsons’ new President added that “it is a privilege to be joining this incredibly high-performing team and to be stepping back into such an exceptional opportunity that will allow me to leverage my broad multi-brand, multi-channel, and transformation experience as well as participate in one of the most exciting customer-centric digital transformations in integrated grocery and pharmacy today.”

Regarding Bob Dimon’s retirement, Sankaran expressed his gratitude for his contributions to Albertsons Cos. over the past seven years. “He has established a strong foundation for our finance team and was extremely instrumental in our IPO. Bob helped us deliver consistent financial results, improve our balance sheet, and elevate the level of investment in our business. We wish him the very best in his retirement.”

Sours: https://abasto.com/en/news/albertsons-names-sharon-mccollam-new-president-and-chief-financial-officer/
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Bob Dimond, Executive Vice President and CFO, to Retire After 33 Years in the Industry

BOISE, Idaho, August 10, 2021--(BUSINESS WIRE)--Albertsons Companies (NYSE: ACI) today announced that Sharon McCollam will join the Company on September 7, 2021, as its President and Chief Financial Officer reporting to Vivek Sankaran, Albertsons Cos. Chief Executive Officer. McCollam will succeed Bob Dimond, who will be retiring and will remain with the Company as an advisor through February 2022 to ensure a seamless transition.

McCollam, 59, retired from Best Buy in 2016 where she served as Executive Vice President, Chief Administrative and Chief Financial Officer. She is broadly recognized as the co-pilot of Best Buy’s Renew Blue transformation, which has been regarded as one of the foremost omni-channel transformations in the retail sector. Prior to Best Buy, McCollam held several transformational leadership positions at Williams-Sonoma, Inc. from 2000 to 2012, including Chief Operating and Chief Financial Officer from 2006 to 2012. Since retiring from Best Buy, McCollam has served as a member of several corporate boards, including companies with a strong consumer, e-commerce, and healthcare presence.

As President and Chief Financial Officer of Albertsons Cos., McCollam will assume several leadership responsibilities, including finance, corporate strategy, information technology, supply chain operations, and property development, and will be involved in all aspects of the Company’s growth and transformation strategy. In addition to her proven financial leadership, McCollam brings broad retail and omni-channel operational expertise that will help accelerate the achievement of the Company’s goals.

"I am thrilled to have Sharon join the Albertsons team," said Vivek Sankaran, Chief Executive Officer. "We are entering the next phase of our transformation, centered on building deeper relationships with customers through data, technology, and connected omni-channel solutions. Sharon has done just this throughout her career, helping to engineer multiple retail transformations, including the spectacular turnaround of Best Buy and the digital transformation at Williams-Sonoma. Sharon is well-known for her expertise in retail operations and digital growth strategies as well as her passion for building customer-centric cultures. I look forward to working closely with her to architect the evolution of our strategy and create value for all of our stakeholders."

Sankaran added, "I would like to thank Bob Dimond for his contributions to Albertsons Cos. over the past seven years. He has established a strong foundation for our finance team and was extremely instrumental in our IPO. Bob helped us deliver consistent financial results, improve our balance sheet, and elevate the level of investment in our business. We wish him the very best in his retirement."

McCollam commented, "I am thrilled to be joining Vivek and the Albertsons leadership team during this exciting time in the Company’s history. Albertsons Cos. is a family of iconic brands that empowers and values its people, obsesses over exceeding the expectations of its customers, communities and associates, and operates at the highest levels of humility and integrity in everything it does. It is thriving because its culture is built on values that its people and communities cherish and want to protect. It is a privilege to be joining this incredibly high-performing team and to be stepping back into such an exceptional opportunity that will allow me to leverage my broad multi-brand, multi-channel, and transformation experience as well as participate in one of the most exciting customer-centric digital transformations in integrated grocery and pharmacy today. I could not be more excited to take on this challenge and create the kind of change that will inspire our associates, our customers, and our shareholders."

About Albertsons Companies

Albertsons Companies is a leading food and drug retailer in the United States. As of June 19, 2021, the Company operated 2,278 retail food and drug stores with 1,725 pharmacies, 399 associated fuel centers, 22 dedicated distribution centers and 20 manufacturing facilities. The Company operates stores across 34 states and the District of Columbia under more than 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaws, 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 2020, along with the Albertsons Companies Foundation, the Company gave $260 million in food and financial support, including approximately $95 million through our Nourishing Neighbors Program to ensure those living in our communities have enough to eat. Albertsons Companies also pledged $5 million to organizations supporting social justice. These efforts have helped millions of people in the areas of hunger relief, education, cancer research and treatment, social justice and programs for people with disabilities and veterans outreach.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210810005341/en/

Contacts

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Sours: https://www.yahoo.com/now/retired-best-buy-transformation-executive-123000516.html
Robert B. Dimond
Executive Vice President and Chief Financial Officer
Total Compensation$2,071,338 View details Pay Rank By Title In Retail & Wholesale industry#77 View more
Shane Sampson
Former Chief Marketing and Merchandising Officer
Total Compensation$5,376,747 View details Pay Rank By Title In Retail & Wholesale industry#3 View more
James L. Donald
Co-Chairman, Former Chief Executive Officer
Total Compensation$13,375,345 View details Pay Rank By Title In Retail & Wholesale industry#25 View more
Susan Morris
Executive Vice President and Chief Operations Officer
Total Compensation$2,336,430 View details Pay Rank By Title In Retail & Wholesale industry#29 View more
Christine Rupp
Executive Vice President and Chief Customer and Digital Officer
Total Compensation$4,810,559 View details Pay Rank By Title In Retail & Wholesale industry#10 View more
Michael Theilmann
Executive Vice President and Chief Human Resources Officer
Total Compensation$3,374,519 View details Pay Rank By Title In Retail & Wholesale industry#32 View more
Vivek Sankaran
President and Chief Executive Officer
Total Compensation$28,944,892 View details Pay Rank By Title In Retail & Wholesale industry#3 View more
Sours: https://www1.salary.com/ALBERTSONS-COMPANIES-INC-Executive-Salaries.html

Team albertsons executive

Albertsons taps former Best Buy executive as new president and CFO

BOISE, IDAHO — Albertsons Companies has named Sharon McCollam as its president and chief financial officer, effective Sept. 7. McCollam will succeed Bob Dimond, who will be retiring and will remain with the company as an advisor through February 2022 to ensure a seamless transition. 

McCollam retired from Best Buy in 2016 where she served as executive vice president, chief administrative and chief financial officer. She was the co-pilot of Best Buy’s Renew Blue transformation, which has been regarded as one of the foremost omnichannel transformations in the retail sector. Since retiring from Best Buy, McCollam has served as a member of several corporate boards, including companies with a strong consumer, e-commerce, and healthcare presence. 

In her new role at Albertsons Cos., McCollam will assume several leadership responsibilities, including finance, corporate strategy, information technology, supply chain operations, and property development, and will be involved in all aspects of the Company’s growth and transformation strategy.  

“I am thrilled to have Sharon join the Albertsons team,” said Vivek Sankaran, chief executive officer. “We are entering the next phase of our transformation, centered on building deeper relationships with customers through data, technology, and connected omnichannel solutions. Sharon has done just this throughout her career, helping to engineer multiple retail transformations. Sharon is well-known for her expertise in retail operations and digital growth strategies as well as her passion for building customer-centric cultures. I look forward to working closely with her to architect the evolution of our strategy and create value for all of our stakeholders.” 

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