Former Best Buy exec tapped as CFO of Albertsons
A highly regarded retail veteran is coming out of retirement to join Albertsons Companies.
The company appointed Sharon McCollam as president and CFO, effective on Sept. 7. She will succeed Bob Dimond, who is retiring and will remain with Albertsons as an advisor through February 2022 to ensure a seamless transition.
McCollam, 59, retired from Best Buy in 2016 where she served as executive VP, chief administrative and CFO since joining the company in 2012. She is credited as one of the architects of Best Buy’s successful “Renew Blue” turnaround.
Prior to Best Buy, McCollam held several leadership positions at Williams-Sonoma, including serving as COO and CFO from 2006 to 2012. Since retiring from Best Buy, McCollam has been a member of several corporate boards.
“I am thrilled to have Sharon join the Albertsons team,” said CEO Vivek Sankaran. “We are entering the next phase of our transformation, centered on building deeper relationships with customers through data, technology, and connected omni-channel solutions. Sharon has done just this throughout her career, helping to engineer multiple retail transformations, including the spectacular turnaround of Best Buy and the digital transformation at Williams-Sonoma. Sharon is well-known for her expertise in retail operations and digital growth strategies as well as her passion for building customer-centric cultures.”
[Read More: Skyrocketing online sales drive Albertsons Q4 performance]
As of June 19, Albertsons operated 2,278 retail food and drug stores with 1,725 pharmacies, 399 associated fuel centers, 22 dedicated distribution centers and 20 manufacturing facilities. The company operates stores across 34 states and the District of Columbia under more than 20 banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaws, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci’s Food Lovers Market.