Albertsons Companies has appointed Jim Donald president and chief operating officer of the company, effective immediately.
Donald will have responsibility for the operations of the retailer’s store portfolio and help with the acceleration of the company’s growing omnichannel platform. Following the pending close of the recently announced merger with Rite Aid, subject to customary regulatory approvals and approval by Rite Aid shareholders, Donald will continue in this role and work alongside the rest of the combined company’s leadership team.
Having previously held senior leadership roles at both Albertson’s and Safeway, Donald also served as a member of the board of directors of Rite Aid from 2008 to 2013. Most recently, Donald served as CEO of Extended Stay America, a large U.S.-based hotel chain, from 2012 to 2015. From 2009 to 2011, Donald served as president and CEO of food and pharmacy retailer Haggen. Prior to that, he spent six years at Starbucks, working his way up from president of its North America division to president and CEO of Starbucks Corporation.
Donald replaces Wayne Denningham, who retired earlier this year. Susan Morris, who was named evp/chief operations officer in January 2018, will continue in her role.
“Jim Donald has built an exceptional career in retail. His knowledge of our company and industry is unmatched, and I know his contributions will be invaluable as we enter the next chapter of Albertsons Companies,” said Bob Miller, Albertsons Companies chairman and CEO.