Albertsons board elects new chairman

Corporate Changes - Albertsons announced the retirement of Chair of the Board Jim Donald, who has been with the company since 2019 and served as the sole independent chair since October 2024 [1][2] - Kim Fennebresque, an independent director since 2015, has been elected as Donald's successor [1] - Other board changes include the appointment of David Zinsner, CFO of Intel Corporation, as an independent director, and the retirement of Allen Gibson, who has been on the board since 2018 [4] Strategic Focus - Fennebresque emphasized that David Zinsner's expertise in finance, technology, and AI will be crucial for Albertsons' future strategy, which will focus on technological and digital improvements [5] - The board changes occur as Albertsons seeks stability following the collapse of its merger plan with Kroger at the end of the previous year [5] Internal Developments - Since the beginning of the year, Albertsons has experienced several internal changes, including executive turnover, corporate layoffs, store closures, divisional restructuring, and the introduction of a new merchandising strategy [6]