Albertsons Companies Appoints Sarah Mensah and Lisa Gray to Board of Directors
18 Dezember 2023 - 1:00PM
Business Wire
Albertsons Companies, Inc. (NYSE: ACI) announced today that
Sarah Mensah and Lisa Gray have been appointed to the Company’s
Board of Directors (the “Board”). The Company’s board has now
expanded to 11 members.
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Sarah Mensah has been appointed to the
Albertsons Companies, Inc. Board of Directors. Ms. Mensah currently
serves as President of the Jordan Brand for NIKE Inc. (“Nike”) and
is responsible for the overall business operations for this unique
and favored brand. A talented leader with a passion for team
culture, Ms. Mensah has played key roles across Nike’s geographical
and Jordan businesses since she joined the company in 2013. Prior
to NIKE, Ms. Mensah spent 19 years with the NBA’s Portland Trail
Blazers, last serving as its Senior Vice President and Chief
Operating Officer. She is credited for her contribution to the
successful rebranding and revitalization of the Trail Blazers brand
and for improving its financial viability. (Photo: Business
Wire)
“Sarah and Lisa are accomplished leaders in their respective
industries, and I am delighted to officially welcome them to the
Albertsons Cos. Board of Directors,” said Vivek Sankaran, CEO of
Albertsons Cos. “Sarah’s reputation for elevating brand value by
thoughtfully challenging the status quo and championing innovation,
along with Lisa’s proven track record in corporate transactions,
governance and leadership, will benefit our business, customers,
and shareholders. They each bring a unique skill set and expertise
that will continue to drive success at Albertsons as we execute our
transformation strategy in 2024.”
Ms. Mensah currently serves as President of the Jordan Brand for
NIKE Inc. (“Nike”) and is responsible for the overall business
operations for this unique and favored brand. A talented leader
with a passion for team culture, Ms. Mensah has played key roles
across Nike’s geographical and Jordan businesses since she joined
the company in 2013. Prior to NIKE, Ms. Mensah spent 19 years with
the NBA’s Portland Trail Blazers, last serving as its Senior Vice
President and Chief Operating Officer. She is credited for her
contribution to the successful rebranding and revitalization of the
Trail Blazers brand and for improving its financial viability.
Ms. Mensah has received numerous recognitions including Women in
Sports Business Game Changer by the Sports Business Journal, Top
Executive in Marketing and Advertising by Black Enterprise magazine
and was most recently named by Adweek as one of the 50 Most
Powerful Women in Sports. She serves on the board of North Pole
Studios and the International Women’s Foundation. Ms. Mensah holds
both a B.A. in Telecommunications and a B.A. in Journalism from the
University of Oregon. She was appointed to the Board effective
December 12, 2023.
Ms. Gray serves as the Vice Chair and Senior Legal Officer for
Cerberus Operations & Advisory Company, LLC, a global leader in
alternative investing with a dedicated platform focused on supply
chain integrity. She is also a member of Cerberus Capital
Management’s office of general counsel. Ms. Gray has more than 35
years of experience in structuring and negotiating complex mergers
and acquisitions, regulatory and legislative advocacy, corporate
governance, and debt restructurings. She was designated to the
Board by certain affiliates of Cerberus Capital Management, L.P.
pursuant to its director designation right, and replaced Mr. Scott
Wille.
Ms. Gray serves on various portfolio company boards of Cerberus.
Prior to the initial public offering of Albertsons Cos., Ms. Gray
served on the board of directors of Albertsons LLC and various of
its subsidiary companies. She received a Juris Doctor from William
Mitchell College of Law and is a graduate of Hamline University. As
previously announced by the Company, Ms. Gray was appointed to the
Board effective November 21, 2023.
About Albertsons Companies
Albertsons Companies is a leading food and drug retailer in the
United States. As of September 9, 2023, the Company operated 2,272
retail food and drug stores with 1,726 pharmacies, 401 associated
fuel centers, 22 dedicated distribution centers and 19
manufacturing facilities. The Company operates stores across 34
states and the District of Columbia with 24 banners including
Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb,
Randalls, United Supermarkets, Pavilions, Star Market, Haggen,
Carrs, Kings Food Markets and Balducci's Food Lovers Market. The
Company is committed to helping people across the country live
better lives by making a meaningful difference, neighborhood by
neighborhood. In 2022, along with the Albertsons Companies
Foundation, the Company contributed more than $200 million in food
and financial support, including more than $40 million through our
Nourishing Neighbors Program to ensure those living in our
communities and those impacted by disasters have enough to eat.
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