Albertsons taps outsider Andrew Murray as CFO amid business review

Nov 10 (Reuters) - US grocer Albertsons on Tuesday named Andrew Murray as chief financial officer amid a business review to revive sluggish sales focused on cost cuts and lower prices.

Murray, who will join on January 17, is currently group CFO of Fonterra Co-operative Group, a New Zealand dairy co-operative, and brings consumer-sector experience from executive roles at Simplot Australia and Mondelez International.

Here are more details:

• CEO Susan Morris described the company as being at a "critical turnaround time," adding Murray’s experience leading large-scale business transformations would be valuable

• Murray will take over from Cody Perdue who has served as the interim finance chief since September 30, succeeding retiring CFO Sharon McCollam

• Albertsons withdrew its fiscal 2026 forecasts in October, even as it beat second-quarter profit estimates