Albertsons announced that Jim Donald will be leaving his post as president and chief executive April 25 to become co-chairman of the company. He will be replaced by Vivek Sankaran, former CEO PepsiCo Foods North America, who has been appointed to fill those roles.
Giant/Martin’s celebrated the grand openings of six stores in four states on April 5.
That Jim Donald will be stepping down as CEO of Albertsons on April 25, seven months after he accepted the position and 13 months after he rejoined the large Boise, ID-based retailer after 27 years, shouldn’t be surprising.
Kroger continued its plan to prioritize its core supermarket business and its new technology initiatives when it announced late last month that it had sold its Turkey Hill Dairy business to Peak Rock Capital, a mid-market private equity firm based in Austin, TX.