Albertsons Names Interim Finance Chief

Brian Monahan, svp of Albertsons Media Collective, has left Albertsons. The retail media network will now report to Emily Turner, Albertsons CMO. Albertsons called Monahan's role in building the network key.

Albertsons Companies (ACI) appointed Cody Perdue as Interim CFO, with retiring CFO Sharon McCollam staying on as an advisor. The company also added three new directors with expertise in retail, technology, and grocery operations. Analysts discuss the potential impact on Albertsons' investment narrative, focusing on digital execution, cost control, and competitive pressures.

Telsey Advisory Group reiterated a Market Perform rating and $13.00 price target for Albertsons (ACI) after the company appointed Cody Perdue as interim CFO. ACI shares are down 30% over six months but offer a 5.9% dividend yield. The company also approved corporate governance amendments. Separately, Telsey maintained an Outperform rating and $78.00 target for Kroger (KR).

Albertsons appointed Cody Perdue as interim CFO, effective immediately, and added three new directors to its board. Perdue succeeds Sharon McCollam, who will stay in an advisory role until February 2027. The new board members bring expertise in retail, technology, and grocery industry experience.

Albertsons has appointed William P. Boltz, Chris Drumgoole, and Meg Ham as new directors, each bringing extensive experience in retail, tech, and grocery. Cody Perdue has been named Interim CFO.

ACI Worldwide, handling $155T in annual transactions, integrated Ripple's XRP Ledger into SWIFT's multi-chain framework, enabling banks to use XRP for settlements. This move aligns with SWIFT's ISO 20022 rollout and follows Ripple's acquisition of GTreasury, expanding its reach in corporate treasury payments. XRP's adoption as a settlement asset remains uncertain, with Ripple targeting 14% of SWIFT's $155T volume.