CERBERUS TAPS MILLER AS CEO OF ALBERTSONS STORES

NEW YORK - The industry felt the first aftershocks of the $17.4 billion Albertsons breakup last week when federal regulators cleared all parties of antitrust intervention and the soon-to-be owners of Albertsons' weaker stores appointed the architect of their future strategy.Cerberus Capital Management here, heading the consortium buying Albertsons' troubled retail assets, said industry veteran Robert

NEW YORK - The industry felt the first aftershocks of the $17.4 billion Albertsons breakup last week when federal regulators cleared all parties of antitrust intervention and the soon-to-be owners of Albertsons' weaker stores appointed the architect of their future strategy.

Cerberus Capital Management here, heading the consortium buying Albertsons' troubled retail assets, said industry veteran Robert Miller would be named chief executive officer when the deal closes early this summer

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