Albertsons names McCollam president, CFO
A longtime retail executive is coming out of retirement and returning to the industry with a new role at Albertsons. The Boise, Idaho-based retailer has appointed Sharon McCollam president and CFO, effective Sept. 7, succeeding retiring exec Bob Dimond.
McCollam retired from her role as Best Buy’s executive vice president, chief administrative officer and CFO in 2016 after she successfully led the company’s omnichannel retail transformation. Prior to her work with the electronics retailer, McCollam spent 12 years with Williams-Sonoma, including six years as COO and CFO. Since 2016, she has worked as a member of various corporate boards.
“I am thrilled to have Sharon join the Albertsons team,” CEO Vivek Sankaran said. “We are entering the next phase of our transformation, centered on building deeper relationships with customers through data, technology, and connected omnichannel solutions. Sharon has done just this throughout her career, helping to engineer multiple retail transformations, including the spectacular turnaround of Best Buy and the digital transformation at Williams-Sonoma. Sharon is well-known for her expertise in retail operations and digital growth strategies as well as her passion for building customer-centric cultures. I look forward to working closely with her to architect the evolution of our strategy and create value for all of our stakeholders.”
At Albertsons, McCollam will be charged with leading the company’s finance, corporate strategy, information technology, supply chain and property development operations.
“I am thrilled to be joining Vivek and the Albertsons leadership team during this exciting time in the company’s history. Albertsons is a family of iconic brands that empowers and values its people, obsesses over exceeding the expectations of its customers, communities and associates, and operates at the highest levels of humility and integrity in everything it does,” McCollam said. “It is thriving because its culture is built on values that its people and communities cherish and want to protect. It is a privilege to be joining this incredibly high-performing team and to be stepping back into such an exceptional opportunity that will allow me to leverage my broad multi-brand, multi-channel, and transformation experience as well as participate in one of the most exciting customer-centric digital transformations in integrated grocery and pharmacy today. I could not be more excited to take on this challenge and create the kind of change that will inspire our associates, our customers, and our shareholders.”
Sankaran also thanked Dimon for his time with the company. “I would like to thank Bob Dimond for his contributions to Albertsons over the past seven years. He has established a strong foundation for our finance team and was extremely instrumental in our IPO,” he said. “Bob helped us deliver consistent financial results, improve our balance sheet, and elevate the level of investment in our business. We wish him the very best in his retirement.”