Albertsons Companies (ACI) shares fell 1.6% on Monday after the grocery retailer appointed COO Susan Morris as its next CEO. Morris will succeed Vivek Sankaran, who will step down on May 1. A nearly 40-year Albertsons veteran,

Albertsons Companies announces CEO Vivek Sankaran's retirement on May 1, 2025, with Susan Morris set to succeed him. Morris, with nearly 40 years in the grocery retail sector, will also join the Board of Directors.

Albertsons said on Monday its CEO Vivek Sankaran will retire and insider Susan Morris would assume the top role, as the supermarket chain shifts focus to build its digital sales and retail media business.