Albertsons taps dairy industry leader as CFO
Albertsons Companies has found its next finance chief – from outside the United States.
The grocery giant has named Andrew Murray as CFO, effective Jan. 17, 2027. He succeeds Cody Perdue, who has served as interim CFO since Sept. 30. Perdue will continue with Albertsons in his role as senior VP of treasury, investor relations and risk management.
Perdue was appointed to the role to replace Sharon McCollam, who announced her plans to retire as president and CFO of Albertsons in July. McCollam will remain with the company in an advisory capacity through the end of the fiscal year on Feb. 27, 2027, to support a seamless transition.
Murray currently serves as group CFO of Fonterra Co-Operative Group, the world’s largest dairy exporter and co-operative in New Zealand owned by farmers. At Fonterra, he oversees finance as well as strategy, mergers and acquisitions, transformation, information technology, financial trading, shared services and procurement.
Murray joined Fonterra in 2023 as CFO of global markets, before becoming group CFO in 2024. He will relocate from New Zealand to Boise, Idaho, prior to January 2027.
“Andrew is a highly-respected senior leader with strong expertise in driving profitable growth and large-scale business transformation which will be invaluable during this critical turnaround time at Albertsons,” said Susan Morris, CEO of Albertsons Companies. “I look forward to working with Andrew and our leadership team as we simplify the organization, improve decision-making, reinvest savings in customer value and boost long-term shareholder returns."
Before joining Fonterra, Murray served as CFO at Simplot Australia, with responsibility for finance, corporate strategy, legal and information technology. He also led global finance transformation at Toll Group and held senior finance roles at Mondelez International for Australia and New Zealand and later, the Asia Pacific, Middle East and Africa region.
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“Albertsons has a significant opportunity ahead, and I am pleased to be joining the company during this important time,” said Murray. “Together with Susan and the leadership team, we will drive growth and deliver meaningful value for customers, associates, communities and shareholders.”
Boise, Idaho-based Albertsons Companies operates more than 2,240 stores across 35 states and the District of Columbia under 22 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.
