Former Starbucks Chief Returns to Head Albertsons
Amid Albertsons Cos.’ acquisition of drugstore chain Rite Aid, former chief executive officer of Starbucks Jim Donald will take over as the company’s new president and chief operating officer, effective immediately.
Previously holding a variety of senior management positions at companies including Walmart, Pathmark Stores, Starbucks, Haggen, Albertsons and (then-separate) Safeway. Donald most recently served as CEO of hotel chain Extended Stay America. Donald also served on Rite Aid's board of directors from 2008 to 2013.
“Donald has built an exceptional career in retail. His knowledge of our company and industry is unmatched, and I know his contributions will be invaluable as we enter the next chapter of Albertsons Companies,” said Bob Miller, Albertsons chairman and chief executive officer, in a press release this morning. “We look forward to tapping his expertise in leading large consumer brands as we work every day to meet our customers’ needs, both in-store and online.”
In his new role, Donald will be responsible for the operations of the retailer's 2,300-plus store portfolio and will help advance the company’s growing omnichannel platform.
Donald replaces Wayne Denningham, whose recent retirement led to Susan Morris’ appointment as executive vice president and chief operations officer focusing on stores, distribution centers and manufacturing plants.
Once the Albertsons-Rite Aid deal is complete, the combined company will command 4,900 locations, 4,350 pharmacy counters and 320 clinics across 38 states and Washington, D.C., and is expected to serve more than 40 million customers each week.