The original Albertsons was broken up in 2006, with Minneapolis-based Supervalu acquiring five retail chains that were considered the best-performing divisions and Albertsons LLC acquiring the rest of the stores under the leadership of Bob Miller, a 30-year Albertsons veteran who ultimately served as executive vice president, retail operations, before leaving the company in 1999. The entire chain was reunited under Miller’s leadership last month when a consortium led by Cerberus Capital Management, New York, acquired the five chains from Supervalu .
The new top management team at Albertsons LLC includes eight division presidents, all of whom started their careers with the original Albertsons. More recently the company announced the appointments of three senior vice presidents, two of whom came from the original Albertsons, and nine division vice presidents, three of whom came from Albertsons.
“The common strain among all the executives will produce a continuity that would be hard to replicate in the aggregate,” Jose L. Tamez, managing partner at Austin-Michael LP, an executive search firm based in Denver, told SN.
“Knowing the old Albertsons model and knowing these executives, there’s little doubt that execution, cost-containment and simplification will prevail — all hallmarks of [the original] Albertsons’ success.”
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Dick King, executive vice president and managing partner at Encore Associates, San Ramon, Calif. — and the former president and chief operating officer of Albertsons until 1999 — said he believes the return of so many veterans to the new Albertsons team is a positive move.
“It signals that the company will get back to the basics of running retail stores,” King said. “Joe Albertson and, in particular, Warren McCain [the late president and chief executive officer of Albertsons] always said it was all about the people, the employees and the customers, and training people to provide in-store service.
“Bob Miller has proved that approach works at the Albertsons LLC stores, and I expect he will bring those values back to the Albertsons stores Cerberus has just acquired.”
With so many Albertsons veterans returning to the new Albertsons, King said, “it brings continuity to the organization, with people who know the Albertsons system because they were involved with Albertsons for so many years, and that continuity will foster better execution.”
The three senior vice presidents most recently named were as follows:
• Mike Massimino, senior VP, marketing and merchandising, who was formerly group VP, Center Store, for Albertsons LLC.
• Rick Bunnell, senior vice president, supply chain, who was formerly group VP, supply chain.
• Justin Ewing, senior VP, corporate development and retail estate, who joined Albertsons LLC in 2006 and was an advisor for Cerberus.
The company also named nine division vice presidents:
• Paul Gossett, Shaw’s and Star Markets, formerly senior director of merchandising at Nash Finch Co., Minneapolis, who started his career at Albertsons.
• Greg McNiff, Albertsons Southern California, formerly senior VP, operations for the Southern California division of Supervalu and a former employee of the original Albertsons.
• David Urby, Albertsons Market Southern division, formerly district manager for the division’s West Texas stores, who started his career at the original Albertsons.
• Dennis Clark, Acme, who was formerly VP, merchandising, at Acme.
• Ken Diehl, Jewel Osco, formerly VP, marketing and merchandising, for the Southwest division of Albertsons LLC.
• Greg Matteri, Albertsons Market Southwest division, formerly meat sales manager for the division.
• Dennis Schwartz, Albertsons Northwest division, formerly district manager in the Intermountain West division of Supervalu and previously VP, marketing and merchandising, for the Dallas-Fort Worth division of Albertsons LLC.
• Stewart Edington, VP of pharmacy operations for Albertsons LLC, the same title he has held.
• Tom Rousonelos, VP of pharmacy operations at New Albertsons Inc., formerly VP, pharmacy operations for Jewel-Osco, Albertsons Intermountain West, Cub and Shop N Save.
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