Albertsons Companies, Inc. (ACI) has appointed Margaret (Meg) Whitman to its Board of Directors in the newly created role of Executive Chair, effective September 8, 2026. The appointment expands the company's board from 10 to 11 members. Kim Fennebresque, formerly the Chair, has transitioned to the role of Lead Independent Director.
Key Details
- Appointments: Meg Whitman appointed as Executive Chair of the Board. Kim Fennebresque appointed as Lead Independent Director.
- Strategic Role: Whitman will advise CEO Susan Morris on strategy, execution, and profitable growth, with a focus on AI technologies and customer experience.
- Compensation: Ms. Whitman will receive a $100,000 annual base salary and a restricted stock unit grant valued at $8.9 million, which vests after one year of continued employment.