Albertsons Appoints Sharon McCollam as New President and Chief Financial Officer; Vivek Sankaran Discusses
BOISE, ID - Albertsons has a thing or two to look forward to next month, as it has been announced that the retailer is welcoming a new executive to its team. Sharon McCollam has been named as its new President and Chief Financial Officer, succeeding Bob Dimond, who will retire and remain as an advisor through February 2022. McCollam’s appointment will be official as of September 7.
“I am thrilled to be joining Vivek and the Albertsons leadership team during this exciting time in the company’s history,” said McCollam. “Albertsons Cos. is a family of iconic brands that empowers and values its people; obsesses over exceeding the expectations of its customers, communities, and associates; and operates at the highest levels of humility and integrity in everything it does. It is thriving because its culture is built on values that its people and communities cherish and want to protect. It is a privilege to be joining this incredibly high-performing team and to be stepping back into such an exceptional opportunity that will allow me to leverage my broad multi-brand, multi-channel, and transformation experience as well as participate in one of the most exciting customer-centric digital transformations in integrated grocery and pharmacy today. I could not be more excited to take on this challenge and create the kind of change that will inspire our associates, our customers, and our shareholders.”
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 is regarded as a pivotal omni-channel transformation. Prior to Best Buy, McCollam held several transformational leadership positions at Williams-Sonoma from 2000 to 2012, including Chief Operating and Chief Financial Officer, a press release stated. Since retiring, she has served as a member of several corporate Boards, including companies with a strong consumer, e-commerce, and healthcare presence.
In her new role, McCollam will assume several leadership responsibilities, including finance, corporate strategy, information technology, supply chain operations, and property development, and will be involved in all aspects of the company’s growth and transformation strategy. In addition to her proven financial leadership, McCollam brings broad retail and omni-channel operational expertise that will help accelerate the achievement of the company’s goals.
“I am thrilled to have Sharon join the Albertsons team,” said Vivek Sankaran, Chief Executive Officer. “We are entering the next phase of our transformation, centered on building deeper relationships with customers through data, technology, and connected omni-channel solutions. Sharon has done just this throughout her career, helping to engineer multiple retail transformations, including the spectacular turnaround of Best Buy and the digital transformation at Williams-Sonoma. 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.”
Sankaran also commented on the retirement of Dimond.
“I would like to thank Bob Dimond for his contributions to Albertsons Cos. over the past seven years,” he said. “He has established a strong foundation for our finance team and was extremely instrumental in our IPO. Bob helped us deliver consistent financial results, improve our balance sheet, and elevate the level of investment in our business. We wish him the very best in his retirement.”
Congratulations to each of these retail luminaries as they take the next steps in their journey.