Albertsons said on Monday its CEO Vivek Sankaran will retire and insider Susan Morris would assume the top role, as the supermarket chain shifts focus to build its digital sales and retail media business.

Albertsons operating chief Susan Morris has held that post since January 2018. The disclosure of Sankaran’s impending departure comes the same day Kroger said CEO Rodney McMullen would resign.

Albertsons (NYSE: ACI) announced March 3 that Sankaran — who is based in Dallas-Fort Worth along with several members of his executive team, although the company is headquartered in Idaho — would retire May 1. He will be replaced by Susan Morris, currently the company's chief operating officer. She appears to be based in Boise.

Albertsons Companies announces CEO Vivek Sankaran's retirement on May 1, 2025, with Susan Morris set to succeed him. Morris, with nearly 40 years in the grocery retail sector, will also join the Board of Directors.

Susan Morris, who has worked for nearly 40 years at the supermarket chain, will take over the top role on May 1 when Vivek Sankaran retires.

Albertsons said on Monday that its CEO Vivek Sankaran would be retiring and insider Susan Morris would assume the role, effective May 1. Morris, who has been working with the company since 2018, would also join the board of directors,

Albertsons Companies (ACI) shares fell 1.6% on Monday after the grocery retailer appointed COO Susan Morris as its next CEO. Morris will succeed Vivek Sankaran, who will step down on May 1. A nearly 40-year Albertsons veteran,