Albertsons appoints Susan Morris as CEO, causing stock to fall 1.6%.

From Stocktwits: 2025-03-03 23:20:13

Susan Morris has been appointed as the new CEO of Albertsons Companies, succeeding Vivek Sankaran. Morris, a nearly 40-year veteran of the company, will also join the board. The announcement caused ACI shares to fall 1.6% on Monday, with retail sentiment shifting from ‘extremely bearish’ to ‘bearish’ on Stocktwits. Sankaran, who led Albertsons for nearly six years, played a key role in the company’s failed merger with Kroger. Albertsons reaffirmed its fiscal 2024 outlook, projecting growth in identical sales and adjusted EBITDA. The stock is up 5.35% year-to-date.



Read more at Stocktwits: Albertsons Stock Slips As COO Susan Morris Named CEO, Retail Sentiment Remains Subdued