Albertsons has appointed Jim Donald, former President and Chief Executive Officer of Starbucks, as President and Chief Operating Officer.
Established operator with significant industry expertise
Donald brings significant operations experience to Albertsons, although he will be familiar with the organisation having previously held senior leadership roles at both Albertsons and Safeway. His knowledge of the drugstore channel and Rite Aid specifically, where he served as a member of the Board of Directors between 2008 and 2013, will also be invaluable. Last month, Albertsons and Rite Aid announced plans to merge.
Busy time at Albertsons as several growth opportunities being pursued
Beyond the merger with Rite Aid, Albertsons is also pursuing several key growth opportunities. At the end of last year, it started to work with Instacart to offer ecommerce delivery, complementing its existing Safeway ecommerce operations. It also acquired meal kit company Plated and is currently building out its multichannel offer in this space. The retailer has also recently undertaken an investment in Texas-based El Rancho Supermercardo to help it improve its offer for Hispanic shoppers.
Responsible for grocery store network
As Chief Operating Officer, Donald will have responsibility for the operations of the retailer’s network of over 2,300 grocery stores and support the acceleration of its growing ecommerce business. He 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.
Learn more about Albertsons and key developments in the US market by signing up to our free newsletter here
Stewart Samuel, Program Director, IGD Canada: based in Canada, Stewart heads up all of IGD's research and coverage on Albertsons. He is also responsible for shaping IGD's research program across North America. Contact Stewart at [email protected] for further insight on the region's markets, channels and retailers. Follow Stewart on Twitter: @Stewart_IGD