Albertsons Companies Appoints Allison Pinkham as EVP and Chief Human Resources Officer
Albertsons Companies announced that Allison Pinkham will join the Company as Executive Vice President and Chief Human Resources Officer effective February 16. Allison brings over 25 years of executive leadership and human resources experience to Albertsons Cos. Allison was most recently the Chief Human Resources Officer and Executive Committee Member at Galderma, a global dermatology category leader. In this role, she led the end-to-end people strategy during a pivotal period of growth and transformation, guiding the organization from private equity ownership to a highly successful public company. Before her time at Galderma, Allison served as Chief People Officer at Heineken USA as well as in senior HR leadership roles at Boehringer Ingelheim leading teams across the U.S., Europe and Asia. Allison also brings experience beyond HR where she held roles in marketing, management consulting and technology at market-leading companies including Mastercard, Booz Allen Hamilton and Accenture. Allison earned a bachelor's degree from Virginia Tech and is active in advisory and nonprofit leadership. Allison will report to CEO Susan Morris. Allison succeeds Mike Theilmann, who retired from Albertsons Cos. in November 2025.
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- Debt Restructuring Plan: Albertsons announced the pricing of $1.2 billion in 5.625% senior notes, expected to close on February 2, 2026, which will help optimize the company's capital structure and reduce future interest expenses.
- Clear Use of Proceeds: The proceeds from this offering will be used to redeem $1.35 billion of 4.625% senior notes and $750 million of 5.875% senior notes, which is expected to significantly alleviate the company's debt burden and improve financial flexibility.
- Positive Market Reaction: Following the announcement, Albertsons' stock rose 0.11% in after-hours trading to $17.2, indicating investor approval of the company's debt management strategy.
- Optimistic Long-Term Outlook: This debt restructuring not only allows Albertsons to lower interest expenses but also provides more financial room for future expansion and investments, strengthening its position in the highly competitive grocery market.
