Retired Best Buy Executive Returns to Retail as Albertsons’ President and CFO

Boise, Idaho — Albertsons Companies has hired Sharon McCollam, who will join the company on September 7, 2021 as its president and chief financial officer. She will report to CEO Vivek Sankaran. McCollam will succeed Bob Dimond, who will be retiring and will remain with the company as an advisor through February 2022 to ensure a seamless transition.

McCollam retired from Best Buy in 2016 where she served as executive vice president, chief administrative and chief financial officer. She is broadly recognized as the co-pilot of Best Buy’s Renew Blue transformation, which has been regarded as one of the foremost omnichannel transformations in the retail sector. Prior to Best Buy, McCollam held several leadership positions at Williams-Sonoma, Inc. from 2000 to 2012, including chief operating and chief financial officer from 2006 to 2012.

As president and CFO of Albertsons Cos., McCollam will assume several leadership responsibilities, including finance, corporate strategy, information technology, supply chain operations and property development.

“I am thrilled to have Sharon join the Albertsons team,” says Sankaran. “Sharon is well-known for her expertise in retail operations and digital growth strategies as well as her passion for building customer-centric cultures. I look forward to working closely with her to architect the evolution of our strategy and create value for all of our stakeholders.”

Albertsons Companies is a leading food and drug retailer in the U.S. As of June 19, 2021, the company operated 2,278 retail food and drug stores with 1,725 pharmacies, 399 associated fuel centers, 22 dedicated distribution centers and 20 manufacturing facilities. The company operates stores across 34 states and the District of Columbia under more than 20 banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaws, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci’s Food Lovers Market.

 

 

SOURCE: Albertsons Companies

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