Albertsons Companies, Inc. (ACI) Bolsters Management as Chair Retires

Albertsons Companies, Inc. (NYSE:ACI) is one of the top FMCG stocks to invest in. On September 17, the company announced the retirement of Jim Donald as Chair of the board and as a board member. Consequently, Kim Fennebresque has been appointed as the new chair, having served as an independent director since 2015.

The company has also bolstered its management team with the appointment of David Zinsner, Executive Vice President and Chief Financial Officer of Intel Corporation, to the board as an independent director.

“With technological and digital improvements grounding our Customers for Life strategy, David’s deep expertise in finance, technology and AI will be a tremendous asset as we chart the course for the future,” Fennebresque said in a statement.

Albertsons Companies, Inc. (NYSE:ACI) is a major U.S. food and drug retailer that operates over 2,200 stores under various banners, including Albertsons, Safeway, and Vons, across 35 states and the District of Columbia. It provides groceries, pharmacy services, and fuel through an omnichannel model, supporting its stores with a network of distribution centers and manufacturing plants.

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Disclosure: None. This article is originally published at Insider Monkey.