Albertsons announced that Sharon McCollam, the company’s President and Chief Financial Officer, plans to retire later this year. McCollam will hold her position until the company appoints a successor. Thereafter, McCollam will remain with the company in an advisory capacity until the end of the fiscal year, Feb. 27, 2027, to ensure a seamless transition. The company is conducting a comprehensive search process to identify a transformational leader who combines exceptional financial acumen with the strategic vision to drive sustainable growth and long-term value.
Susan Morris, CEO commented, “Sharon has been an exceptional partner in helping position Albertsons Cos. for its next chapter of growth. Since joining the company in 2021, she has played a critical role in shaping our financial, operational and strategic priorities, bringing a unique combination of financial discipline, operational expertise and transformation leadership. Her impact can be seen across our digital capabilities, supply chain, technology investments and the strong financial foundation we have built for the future. On behalf of our Board, leadership team and associates, I want to thank Sharon for her many contributions and wish her the very best in retirement.”
Sharon McCollam, President and CFO commented, “As I reflect on the past five years, I am filled with gratitude. It has been a privilege to serve and work alongside such talented teams across the organization. Together, we have strengthened the company, navigated significant change and built an even stronger foundation for the future. I retire with tremendous confidence in Albertsons’ future and deep appreciation for our associates, leadership team and everyone who made this journey so meaningful. I want to sincerely thank Susan, who has been an extraordinary leader and an inspiring business partner, my peers, our corporate and frontline associates, and in particular, my direct reports for their exceptional contributions to the Albertsons Cos. story”. McCollam also thanked the Board and shareholders for their support. “It has been an honor to be part of the Albertsons family.”
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About Sharon McCollam, still Albertsons President and CFO
Sharon McCollam is an accomplished, transformative leader in the retail industry, having led multiple organizations to reach new heights, turn around performance and drive growth. She joined Albertsons Companies in September 2021 and has been integral in shaping and leading the company’s growth and transformation strategies to earn customers for life.
Before joining Albertsons Cos., Sharon served as Executive Vice President, Chief Administrative Officer, and Chief Financial Officer at Best Buy Co., Inc., where she co-piloted the renowned Renew Blue transformation revitalizing the company’s omni-channel presence. Before that, she was Executive Vice President, Chief Operating Officer and Chief Financial Officer at Williams-Sonoma, Inc., contributing significantly to operational efficiency and financial strategy.
About Albertsons Companies
Albertsons Companies is a leading food and drug retailer in the United States. As of June 20, 2026, the Company operated 2,240 retail stores, including 1,708 in-store pharmacies, 408 associated fuel centers, 22 dedicated distribution centers, and 19 manufacturing facilities. The Company operates stores across 35 states and the District of Columbia under 22 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci’s Food Lovers Market.