Albertsons Companies, Inc. announced that Sarah Mensah and Lisa Gray have been appointed to the Company?s Board of Directors (the ?Board?). The Company?s board has now expanded to 11 members. Ms. Mensah currently serves as President of the Jordan Brand for NIKE Inc. (?Nike?) and is responsible for the overall business operations for this unique and favored brand.

A talented leader with a passion for team culture, Ms. Mensah has played key roles across Nike?s geographical and Jordan businesses since she joined the company in 2013. Prior to NIKE, Ms. Mensah spent 19 years with the NBA?s Portland Trail Blazers, last serving as its Senior Vice President and Chief Operating Officer. She is credited for her contribution to the successful rebranding and revitalization of the Trail Blazers brand and for improving its financial viability.

Ms. Mensah has received numerous recognitions including Women in Sports Business Game Changer by the Sports Business Journal, Top Executive in Marketing and Advertising by Black Enterprise magazine and was most recently named by Adweek as one of the 50 Most Powerful Women in Sports. She serves on the board of North Pole Studios and the International Women?s Foundation. Ms. Mensah holds both a B.A. in Telecommunications and a B.A. in Journalism from the University of Oregon.

She was appointed to the Board effective December 12, 2023. Ms. Gray serves as the Vice Chair and Senior Legal Officer for Cerberus Operations & Advisory Company, LLC, a global leader in alternative investing with a dedicated platform focused on supply chain integrity. She is also a member of Cerberus Capital Management?s office of general counsel.

Ms. Gray has more than 35 years of experience in structuring and negotiating complex mergers and acquisitions, regulatory and legislative advocacy, corporate governance, and debt restructurings. She was designated to the Board by certain affiliates of Cerberus Capital Management, L.P. pursuant to its director designation right, and replaced Mr. Scott Wille. Ms. Gray serves on various portfolio company boards of Cerberus.

Prior to the initial public offering of Albertsons Cos., Ms. Gray served on the board of directors of Albertsons LLC and various of its subsidiary companies. She received a Juris Doctor from William Mitchell College of Law and is a graduate of Hamline University. As previously announced by the Company, Ms. Gray was appointed to the Board effective November 21, 2023.