Albertsons Companies has named Andrew Murray CFO, effective Jan. 17, 2027. Murray joins the Boise, Idaho-based grocer from Fonterra Co-Operative Group, the farmer-owned New Zealand dairy exporter, where he is group CFO.
He succeeds Cody Perdue, who has served as interim CFO since Sept. 30. Perdue will stay with the company as senior VP of treasury, investor relations and risk management.
The hire ends a search that followed Sharon McCollam’s July announcement that she would retire as president and CFO, a post she had held since 2021. Her advisory role runs through the end of the fiscal year on Feb. 27, 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.
Morris said she expects to work with Murray and the leadership team to simplify the organization, improve decision-making and reinvest savings in customer value.
Food and consumer products background
Murray joined Fonterra in 2023 as CFO, global markets, and became group CFO in 2024. He oversees finance, strategy, mergers and acquisitions, transformation, information technology, financial trading, shared services and procurement. He will relocate from New Zealand to Boise before January.
Before Fonterra, Murray was CFO at Simplot Australia, responsible 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, first for Australia and New Zealand and later for the Asia Pacific, Middle East and Africa region.
“Albertsons has a significant opportunity ahead, and I am pleased to be joining the company during this important time,” Murray said.
Murray holds a bachelor’s degree with honors in accounting and economics from the University of Strathclyde. He is a member of the Chartered Institute of Management Accountants and completed Harvard Business School’s Advanced Management Program.
Albertsons operates 2,240 stores with 1,709 in-store pharmacies, 408 fuel centers, 22 distribution centers and 19 manufacturing facilities in 35 states and the District of Columbia. Its 22 banners include Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb and Randalls.