Albertsons Companies, Inc. (NYSE: ACI) has announced significant changes to its board of directors, with the retirement of Jim Donald as the chair of the board and the appointment of Kim Fennebresque as the new chair. Additionally, David Zinsner, the Executive Vice President and Chief Financial Officer of Intel Corporation, has been appointed as an independent director.
Kim Fennebresque, who has been an independent director since 2015, will now take on the role of chair, bringing his expertise in financial strategy, strategic initiatives, and risk management to the forefront. He currently serves as the chair of the compensation committee and a member of the audit committee. Fennebresque is also the chair of the supervisory board of BAWAG P.S.K., a major Austrian bank, and serves on the boards of Ally Financial and Bluelinx Holdings.
David Zinsner, with over 25 years of financial and operational experience in the technology and semiconductor industries, will join the board, bringing his expertise in finance, technology, and AI. As the EVP and CFO of Intel Corporation, he leads the company’s global finance organization, overseeing accounting, reporting, tax, treasury, internal audit, and investor relations.
The CEO of Albertsons Companies, Susan Morris, expressed gratitude to Jim Donald for his distinguished leadership and mentorship as the chair of the board over the years and thanked Allen Gibson for his valuable service. She also welcomed David Zinsner to the board, noting his deep expertise in technology transformation and experience in driving growth and innovation.
The press release did not mention specific financial metrics or performance indicators. Today the company's shares have moved -0.33% to a price of $18.39. For the full picture, make sure to review Albertsons's 8-K report.
