{"success":true,"data":{"pressRelease":{"id":"170865","rtpr_id":"nBw14Cgtba-20261015","ticker":"ACI","exchange":"NYSE","all_tickers":["ACI"],"title":"Albertsons® Companies, Inc. Appoints Harmit Singh to Board of Directors","author":"Business Wire","published_at":"2026-10-15T20:05:00.143Z","article_body":"Albertsons® Companies, Inc. Appoints Harmit Singh to Board of Directors\n\nGlobal finance and growth leader brings extensive expertise in transformation,\nperformance improvement and value creation\n\nAlbertsons® Companies, Inc. (NYSE: ACI) today announced the appointment of\nHarmit Singh to the company’s Board of Directors, effective immediately.\nSingh brings more than 40 years of global financial, operational and strategic\nleadership experience across some of the world's most recognized consumer,\nretail and hospitality brands. The board has now expanded from 14 to 15\nmembers.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20261015115616/en/\n(https://www.businesswire.com/news/home/20261015115616/en/)\n\nAlbertsons Companies, Inc. Appoints Harmit Singh to Board of Directors.\n\n“We continue to strengthen our board with capabilities that support\nAlbertsons’ next phase of growth,” said Meg Whitman, Executive Chair of\nthe Albertsons Companies Board of Directors. “Harmit’s experience\nimproving performance and creating value at complex, consumer-facing companies\nwill be an important asset as we advance our strategy and strengthen\nexecution.”\n\nSingh currently serves as Executive Vice President and Chief Financial and\nGrowth Officer of Levi Strauss & Co., and after a planned transition will\nretire from the company on November 30, 2026. In this role, Harmit leads\nfinance, the transformation office, investor relations, information security,\nstrategic sourcing, real estate and franchise expansion, mergers and\nacquisitions, divestitures and global talent hubs. He also leads the\ncompany’s global productivity initiative, focused on improving structural\neconomics to drive growth and profitability. During his tenure, he helped lead\nthe company’s return to the public markets in 2019 and the expansion of its\nglobal retail footprint.\n\n“Harmit is an accomplished executive whose experience spans finance,\nstrategy, operations, technology, real estate and global consumer brands,”\nsaid Susan Morris, CEO of Albertsons Companies. “His track record of\naccelerating growth, improving business performance, scaling store and\nfranchise networks and guiding public companies through complex\ntransformations will bring valuable perspective to our board as we create\nlong-term value for all stakeholders.”\n\nIn addition to his executive leadership experience, Singh serves on the boards\nof Planet Fitness, Inc. and Sutter Health, a not-for-profit, community-based\nhealth care system. He previously served on the boards of The AZEK Company,\nOpenText Corporation and Buffalo Wild Wings, including service on audit and\ncompensation committees.\n\nPrior to joining Levi Strauss & Co., Singh served as Executive Vice\nPresident and Chief Financial Officer of Hyatt Hotels Corporation, where he\nled the company’s initial public offering and supported its global growth\ninitiatives. Earlier in his career, he spent 14 years at Yum! Brands in global\nleadership roles, including Chief Financial Officer of Yum! Restaurants\nInternational and Pizza Hut, with responsibility across finance, mergers and\nacquisitions, supply chain and technology. He also held financial leadership\npositions at American Express and PricewaterhouseCoopers.\n\n\"I am honored to join Albertsons’ Board of Directors,\" said Singh.\n\"Albertsons has a strong legacy, a portfolio of trusted brands and a clear\ncommitment to serving customers and communities. I look forward to working\nwith my fellow directors and the leadership team to support the company's\ncontinued growth and strategic priorities.\"\n\nImportant Notice Regarding Forward-Looking Statements\n\nThis press release includes \"forward-looking statements\" within the meaning of\nthe federal securities laws. The \"forward-looking statements\" include our\ncurrent expectations, assumptions, perspectives and projections about our\nbusiness and our industry. You can identify forward-looking statements by the\nuse of words such as \"outlook,\" \"may,\" \"should,\" \"could,\" \"estimates,\"\n\"predicts,\" \"potential,\" \"continue,\" \"anticipates,\" \"believes,\" \"plans,\"\n\"expects,\" \"future\" and \"intends\" and similar expressions which are intended\nto identify forward-looking statements. The forward-looking statements are\nbased on the Company’s current expectations and involve risks and\nuncertainties which are beyond our control and difficult to predict and could\ncause actual results to differ materially from the results expressed or\nimplied by the statements. In evaluating our forward-looking statements, you\nshould carefully consider the risks and uncertainties more fully described in\nthe “Risk Factors” section or other sections in our reports filed with the\nSEC including the most recent annual report on Form 10-K and any subsequent\nperiodic reports on Form 10-Q and current reports on Form 8-K and available at\nthe SEC’s website at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54622372&newsitemid=20261015115616&lan=en-US&anchor=www.sec.gov&index=1&md5=fe05f7b58fc5048fde8c0257e4154e84)\n.\n\nAbout Albertsons Companies\n\nAlbertsons Companies is a leading food and drug retailer in the United States.\nAs of September 12, 2026, the Company operated 2,240 retail stores with 1,709\nin-store pharmacies, 408 associated fuel centers, 22 dedicated distribution\ncenters and 19 manufacturing facilities. The Company operates stores across 35\nstates and the District of Columbia under 22 well known banners including\nAlbertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME, Tom Thumb, Randalls,\nUnited Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets\nand Balducci's Food Lovers Market. The Company is committed to helping people\nacross the country live better lives by making a meaningful difference,\nneighborhood by neighborhood. In 2025, along with the Albertsons Companies\nFoundation, the Company contributed $497 million in food and financial\nsupport, including $56 million through its Nourishing Neighbors Program, to\nensure those living in its communities and those impacted by disasters have\nenough to eat.\n\nAlbertsons, Safeway, Amigos, Andronico’s, Balducci's, Haggen, Jewel-Osco,\nMarket Street, Pavilions, Randalls, Tom Thumb and Vons are registered service\nmarks of Albertsons Companies, Inc. or its subsidiaries. ACME, Carrs, Kings,\nShaw's, Star Market and United Supermarkets are service marks of Albertsons\nCompanies, Inc. or its subsidiaries. Albertsons associated logos, product\nnames and services are trademarks or service marks of Albertsons Companies,\nInc. All other trademarks are the property of their respective owners.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261015115616/en/\n(https://www.businesswire.com/news/home/20261015115616/en/)\n\nmedia@albertsons.com (mailto:media@albertsons.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw14Cgtba-20261015","title":"Albertsons® Companies, Inc. Appoints Harmit Singh to Board of Directors","author":"Business Wire","ticker":"ACI","created":"2026-10-15T20:05:00.143Z","tickers":["ACI"],"exchange":"NYSE","article_body":"Albertsons® Companies, Inc. Appoints Harmit Singh to Board of Directors\n\nGlobal finance and growth leader brings extensive expertise in transformation,\nperformance improvement and value creation\n\nAlbertsons® Companies, Inc. (NYSE: ACI) today announced the appointment of\nHarmit Singh to the company’s Board of Directors, effective immediately.\nSingh brings more than 40 years of global financial, operational and strategic\nleadership experience across some of the world's most recognized consumer,\nretail and hospitality brands. The board has now expanded from 14 to 15\nmembers.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20261015115616/en/\n(https://www.businesswire.com/news/home/20261015115616/en/)\n\nAlbertsons Companies, Inc. Appoints Harmit Singh to Board of Directors.\n\n“We continue to strengthen our board with capabilities that support\nAlbertsons’ next phase of growth,” said Meg Whitman, Executive Chair of\nthe Albertsons Companies Board of Directors. “Harmit’s experience\nimproving performance and creating value at complex, consumer-facing companies\nwill be an important asset as we advance our strategy and strengthen\nexecution.”\n\nSingh currently serves as Executive Vice President and Chief Financial and\nGrowth Officer of Levi Strauss & Co., and after a planned transition will\nretire from the company on November 30, 2026. In this role, Harmit leads\nfinance, the transformation office, investor relations, information security,\nstrategic sourcing, real estate and franchise expansion, mergers and\nacquisitions, divestitures and global talent hubs. He also leads the\ncompany’s global productivity initiative, focused on improving structural\neconomics to drive growth and profitability. During his tenure, he helped lead\nthe company’s return to the public markets in 2019 and the expansion of its\nglobal retail footprint.\n\n“Harmit is an accomplished executive whose experience spans finance,\nstrategy, operations, technology, real estate and global consumer brands,”\nsaid Susan Morris, CEO of Albertsons Companies. “His track record of\naccelerating growth, improving business performance, scaling store and\nfranchise networks and guiding public companies through complex\ntransformations will bring valuable perspective to our board as we create\nlong-term value for all stakeholders.”\n\nIn addition to his executive leadership experience, Singh serves on the boards\nof Planet Fitness, Inc. and Sutter Health, a not-for-profit, community-based\nhealth care system. He previously served on the boards of The AZEK Company,\nOpenText Corporation and Buffalo Wild Wings, including service on audit and\ncompensation committees.\n\nPrior to joining Levi Strauss & Co., Singh served as Executive Vice\nPresident and Chief Financial Officer of Hyatt Hotels Corporation, where he\nled the company’s initial public offering and supported its global growth\ninitiatives. Earlier in his career, he spent 14 years at Yum! Brands in global\nleadership roles, including Chief Financial Officer of Yum! Restaurants\nInternational and Pizza Hut, with responsibility across finance, mergers and\nacquisitions, supply chain and technology. He also held financial leadership\npositions at American Express and PricewaterhouseCoopers.\n\n\"I am honored to join Albertsons’ Board of Directors,\" said Singh.\n\"Albertsons has a strong legacy, a portfolio of trusted brands and a clear\ncommitment to serving customers and communities. I look forward to working\nwith my fellow directors and the leadership team to support the company's\ncontinued growth and strategic priorities.\"\n\nImportant Notice Regarding Forward-Looking Statements\n\nThis press release includes \"forward-looking statements\" within the meaning of\nthe federal securities laws. The \"forward-looking statements\" include our\ncurrent expectations, assumptions, perspectives and projections about our\nbusiness and our industry. You can identify forward-looking statements by the\nuse of words such as \"outlook,\" \"may,\" \"should,\" \"could,\" \"estimates,\"\n\"predicts,\" \"potential,\" \"continue,\" \"anticipates,\" \"believes,\" \"plans,\"\n\"expects,\" \"future\" and \"intends\" and similar expressions which are intended\nto identify forward-looking statements. The forward-looking statements are\nbased on the Company’s current expectations and involve risks and\nuncertainties which are beyond our control and difficult to predict and could\ncause actual results to differ materially from the results expressed or\nimplied by the statements. In evaluating our forward-looking statements, you\nshould carefully consider the risks and uncertainties more fully described in\nthe “Risk Factors” section or other sections in our reports filed with the\nSEC including the most recent annual report on Form 10-K and any subsequent\nperiodic reports on Form 10-Q and current reports on Form 8-K and available at\nthe SEC’s website at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54622372&newsitemid=20261015115616&lan=en-US&anchor=www.sec.gov&index=1&md5=fe05f7b58fc5048fde8c0257e4154e84)\n.\n\nAbout Albertsons Companies\n\nAlbertsons Companies is a leading food and drug retailer in the United States.\nAs of September 12, 2026, the Company operated 2,240 retail stores with 1,709\nin-store pharmacies, 408 associated fuel centers, 22 dedicated distribution\ncenters and 19 manufacturing facilities. The Company operates stores across 35\nstates and the District of Columbia under 22 well known banners including\nAlbertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME, Tom Thumb, Randalls,\nUnited Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets\nand Balducci's Food Lovers Market. The Company is committed to helping people\nacross the country live better lives by making a meaningful difference,\nneighborhood by neighborhood. In 2025, along with the Albertsons Companies\nFoundation, the Company contributed $497 million in food and financial\nsupport, including $56 million through its Nourishing Neighbors Program, to\nensure those living in its communities and those impacted by disasters have\nenough to eat.\n\nAlbertsons, Safeway, Amigos, Andronico’s, Balducci's, Haggen, Jewel-Osco,\nMarket Street, Pavilions, Randalls, Tom Thumb and Vons are registered service\nmarks of Albertsons Companies, Inc. or its subsidiaries. ACME, Carrs, Kings,\nShaw's, Star Market and United Supermarkets are service marks of Albertsons\nCompanies, Inc. or its subsidiaries. Albertsons associated logos, product\nnames and services are trademarks or service marks of Albertsons Companies,\nInc. All other trademarks are the property of their respective owners.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20261015115616/en/\n(https://www.businesswire.com/news/home/20261015115616/en/)\n\nmedia@albertsons.com (mailto:media@albertsons.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-10-15T20:05:00.199015154Z","server_sent_at_ms":1792094700199},"received_at":"2026-10-15T20:05:00.293Z","source_url":"https://www.businesswire.com/news/home/20261015115616/en/"},"analysis":{"id":"159052","press_release_id":"170865","analysis_json":{"industry":{"label":"Consumer Staples Distribution & Retail","sector":"Consumer Staples"},"redFlags":[],"eventType":"board_change","narrative":"Albertsons appointed Harmit Singh, CFO of Levi Strauss & Co., to its Board of Directors, expanding the board from 14 to 15 members.\n\nSingh brings 40 years of finance and operations experience across consumer, retail and hospitality brands, including prior CFO roles at Hyatt and leadership positions at Yum! Brands.\n\nThe move is a routine governance enhancement; Meg Whitman cited Singh's value-creation experience as supporting the company's next phase of growth.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine board addition with strong retail CFO pedigree -- no near-term financial impact."},"keyFigures":{"customDimensions":{"board_size_after":15,"board_size_before":14}},"quotedText":"We continue to strengthen our board with capabilities that support Albertsons' next phase of growth","namedEntities":{"people":[{"name":"Harmit Singh","role":"new board director; EVP and Chief Financial and Growth Officer of Levi Strauss & Co."},{"name":"Meg Whitman","role":"Executive Chair, Albertsons Board"},{"name":"Susan Morris","role":"CEO, Albertsons Companies"}],"products":["Albertsons","Safeway","Vons","Jewel-Osco"],"companies":[{"name":"Albertsons Companies, Inc.","ticker":"ACI","relationship":"filer"},{"name":"Levi Strauss & Co.","relationship":"Singh's current employer"},{"name":"Planet Fitness, Inc.","relationship":"other board seat of appointee"},{"name":"Sutter Health","relationship":"other board seat of appointee"},{"name":"Hyatt Hotels Corporation","relationship":"Singh's prior employer"},{"name":"Yum! 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