Albertsons Companies, Inc. (NYSE: ACI) has announced a CEO succession plan, with Susan Morris, the current Executive Vice President and Chief Operations Officer, set to assume the CEO role effective May 1, 2025, following Vivek Sankaran’s planned retirement. Morris, who has nearly 40 years of experience at the company, will join the Board of Directors upon taking the helm. The Board expressed confidence in Morris’s leadership, citing her deep knowledge and operational success. Sankaran will continue to assist during the transition, ensuring the continuity of the company’s Customers for Life strategy. Albertsons reaffirmed its fiscal 2024 outlook, projecting identical sales growth between 1.8% to 2.0% and adjusted EBITDA in the range of $3.95 billion to $3.99 billion. — news from Albertsons Companies