Albertsons CEO Vivek Sankaran to retire May 1; COO Susan Morris appointed successor

Albertsons Companies, Inc.

CEO Vivek Sankaran to retire effective May 1, 2025, as part of planned succession; no disagreement with company.
Susan Morris, EVP and COO, appointed CEO effective May 1, 2025; she will also join the Board.
Morris has nearly 40 years at Albertsons, starting as a store employee in Denver; current COO since 2018.
Company reaffirms FY2024 outlook: identical sales 1.8-2.0%, adjusted EBITDA $3.95B-$3.99B, adjusted EPS $2.25-$2.31.
Fiscal Q4 earnings call planned to discuss strategy and fiscal 2025 outlook.

item 5.02 item 9.01

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