Albertsons Names New CEO Following Failed Deal With Kroger (1)

Both top US grocery operators are moving on from their respective chief executive officers only months after a proposed deal to combine their operations was blocked by a federal judge.

Albertsons Cos., the second-largest US grocery operator, said in a statement that Chief Operations Officer Susan Morris, 56, will lead the company after CEO Vivek Sankaran, 62, retires, effective May 1. Morris, who has spent nearly 40 years at the company, has been in her role since 2018.

Morris was previously slated to take over as chief executive officer of nearly 600 stores that Albertsons and Kroger ...