CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Open platformOpen platform

Albertsons taps outsider Andrew Murray as CFO amid business review

By Reuters News

Nov 10 (Reuters) - US grocer Albertsons ACI.N 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 FCG.NZ, a New Zealand dairy co-operative, and brings consumer-sector experience from executive roles at Simplot Australia and Mondelez International MDLZ.O.

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


Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk