California, Oregon, Illinois and five other U.S. states have asked a U.S. judge to award them legal fees for winning an order in federal court blocking Kroger’s now-abandoned $25 billion deal for grocery rival Albertsons.
An Albertsons official said all 39 employees would be offered jobs at the Albertsons on North Montana Avenue or the Safeway.
Albertsons' improved balance sheet and recent dividend increase highlight its potential for future growth. See why I rate ACI stock as a buy.
Rodney McMullen and Vivek Sankaran tried mightily to bring their companies together. Now they’re leaving behind retailers on sharply different paths.
Albertsons said on Monday its CEO Vivek Sankaran will retire and insider Susan Morris would assume the top role, as the supermarket chain shifts focus to build its digital sales and retail media business.
Albertsons said on Monday that its CEO Vivek Sankaran would be retiring and insider Susan Morris would assume the role, effective May 1.
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,
Albertsons operating chief Susan Morris has held that post since January 2018. The disclosure of Sankaran’s impending departure comes the same day Kroger said CEO Rodney McMullen would resign.
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.
Earlier this week, the company completed a major renovation of its North Montana store, and announced it plans to close the Fee Street location.
Susan Morris, who has worked at the supermarket chain for nearly 40 years, will take over the top role on May 1 when Vivek Sankaran retires.
Kroger board member Ron Sargent is taking the helm at the nation’s largest supermarket chain as questions about former CEO Rodney Mullen continue.
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