Albertsons Companies appointed Meg Whitman as Executive Chair of its Board of Directors effective September 8, 2026, expanding the board from 10 to 11 members. Kim Fennebresque transitioned from Chair to Lead Independent Director. Whitman will serve as an operations and strategic advisor to CEO Susan Morris, leveraging her technology expertise to support AI integration and operational streamlining. She receives a $100,000 annual base salary and restricted stock units valued at $8.9 million vesting in one year. As an employee of the company, Whitman is classified as non-independent under NYSE rules. Albertsons operates as a leading food and drug retailer in the United States.
