Albertsons Companies Adds 3 Independent Directors; Appoints Interim CFO

What Happened

• Albertsons Companies, Inc. announced on Sept 30, 2026 (8‑K filing) that its Board will expand from 11 to 14 directors and has appointed William P. Boltz, Chris Drumgoole and Margaret M. (Meg) Ham as directors, effective October 14, 2026. The Board has determined all three are independent under NYSE rules.
• The company also named Cody Perdue (Senior Vice President, Treasury, Investor Relations and Risk Management) as Interim Chief Financial Officer effective Sept 30, 2026, following the previously announced retirement of Sharon McCollam (who will remain in an advisory role through the fiscal year end).

Key Details

• Board expansion: from 11 to 14 directors; committee assignments to be decided later.
• New director backgrounds: Boltz (Executive VP Merchandising, Lowe’s); Drumgoole (COO, Aligned Data Centers; former CIO, GE); Ham (former President, Food Lion; board member of Tractor Supply).
• Interim CFO compensation: Perdue will receive his normal pay plus a stipend at an annual rate of $350,000 for the period he serves as Interim CFO, and will be covered by the executive severance terms described in the company’s 2026 proxy.
• Governance notes: No related-party arrangements, family relationships, or reportable transactions were identified for the new directors or for Mr. Perdue.

Why It Matters

• Leadership continuity: Appointing an internal executive as interim CFO ensures immediate finance leadership coverage during the CFO transition and retains institutional knowledge while Sharon McCollam assists in transition.
• Board expertise: The three new independent directors bring experience in merchandising and retail turnaround (Ham), large-scale retail merchandising and supply chain (Boltz), and technology/infrastructure and cybersecurity (Drumgoole). That mix supports Albertsons’ focus on omnichannel, supply chain and tech modernization.
• Investor considerations: These are governance and management changes (Item 5.02) rather than changes to reported financial results. Investors should note the board expansion and interim CFO pay terms disclosed in the 8‑K; there were no disclosed related-party transactions or unusual arrangements tied to these appointments.