Albertsons has a new COO just in time
Wayne Denningham has been promoted to president and chief operating officer at Albertsons Companies as the retailer looks to merge with Sprouts Farmers Market.
Denningham was previously executive vice president and COO at the Idaho-based supermarket chain. Bob Miller remains Chairman and CEO, a role he has held since April 2015.
The move comes at a time when rumors are swirling that preliminary merger talks have already occurred between privately held Albertsons, which is controlled by Cerberus Capital Management, and Sprouts, which is a publicly traded fresh driven retailer.
Denningham will continue to lead store operations with added oversight of Marketing & Merchandising, Supply Chain, Manufacturing, and Integration, all of which will continue under their current leadership.
"This is the strongest leadership team I've worked with in my 50+ years in this industry," said Bob Miller, Chairman and CEO of Albertsons Companies. "I asked Wayne to join Albertsons LLC in 2006 to lead our Rocky Mountain Division. Since that time, he's led three different divisions, helped to negotiate and manage some of our most significant acquisitions, and successfully turned around some of our toughest assets. He's a remarkable leader with tremendous grocery retail acumen, and I'm pleased that he's accepted this new role."
Denningham began his career with Albertson's, Inc. in 1977 as a clerk and worked his way up in the organization, serving in district manager roles in three different divisions before being named Division President, first of the Rocky Mountain division and later the Florida division. Subsequently, he was promoted to Regional President for five divisions of Albertsons, and then served as both Executive Vice President of Marketing & Merchandising and Executive Vice President of Operations for the company before leaving in 2004. He joined Albertson's LLC in 2006 and served as Division President of the Rocky Mountain, Florida and Southern divisions over the next seven years. In March 2013, Denningham was named Division President of the Southern California division following the acquisition of 877 stores from SUPERVALU, and in January 2015, he assumed the role of South Region Chief Operating Officer following the merger with Safeway. He was named EVP & Chief Operating Officer for the company in April 2015.