Albertsons has named Vivek Sankaran its new president/CEO. He joins the company from PepsiCo Food North America, where he served as CEO.
Jim Donald, currently the Albertsons’ president/CEO, will continue as co-chairman of the board, with Leonard Laufer serving as the other co-chairman. The company’s longtime leader Robert Miller has been named chairman emeritus and will continue to serve as a member of the board of directors.
Sankaran was named CEO of PepsiCo Foods North America in December 2018. Prior, he served as the company’s president and chief operating officer, a position he was named to in 2016. During his 10 year career at PepsiCo, he led Frito-Lay, served as the chief commercial officer for PepsiCo North America, chief customer officer of Frito Lay and as SVP of Strategy for PepsiCo.