Albertsons Companies, Inc. Announces Executive Changes
November 22, 2023 at 04:07 pm EST
Share
Albertsons Companies, Inc. announced that on November 16, 2023, Scott Wille resigned from the Board of Directors of the company including the Governance, Compliance and ESG Committee and the Finance Committee of the Board. His resignation was not the result of any disagreement between Mr. Wille and the Company, its management, the Board, or any committee thereof, or with respect to any matter relating to the Company's operations, policies, or practices. Mr. Wille served on the Board from 2020 and was designated to the Board by Cerberus.
Effective November 21, 2023, Lisa Gray was appointed as a member of the Board for the term expiring at the Company's 2024 annual meeting of stockholders or until her successor is duly elected and qualified. Ms. Gray has not been appointed to any committee of the Board. Ms. Gray was designated to the Board by certain affiliates of Cerberus Capital Management, L.P. ("Cerberus") pursuant to the director designation right in Section 2.01 of that certain Stockholders' Agreement, dated as of June 25, 2020, by and among the Company and certain affiliates of Cerberus.
Albertsons Companies, Inc. is a food and drug retailer in the United States. The Company is engaged in the operation of food and drug retail stores that offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel and other items and services in its stores or through digital channels. The Company operates approximately 2,269 stores across 34 states and the District of Columbia under 20 banners including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and others. The Company operates approximately 1,725 pharmacies, 1,336 in-store branded coffee shops, 402 adjacent fuel centers, 22 dedicated distribution centers, 19 manufacturing facilities and various digital platforms. Its own brands include Signature SELECT, Open Nature, Signature Cafe, Lucerne, Waterfront BISTRO, Primo Taglio, Signature Care, Signature Reserve and Value Corner.
ALBERTSONS COMPANIES, INC. 
