June 19, 2018 2:46 AM ET

Food and Staples Retailing

Company Overview of AB Acquisition LLC

Company Overview

AB Acquisition LLC operates as a food and drug retailer in the United States. Its stores offer prescriptions, immunizations, online prescription refills, and prescription savings plans, as well as fresh, natural, and organic products. As of June 17, 2017, the company operated 2,329 stores in 35 states and the District of Columbia under 20 banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Carrs, and Haggen. The company was founded in 1939 and is headquartered in Boise, Idaho. AB Acquisition LLC operates as a subsidiary of Albertsons Companies, Inc.

250 Parkcenter Boulevard

Boise, ID 83706

United States

Founded in 1939

280,000 Employees

Phone:

208-395-6200

Key Executives for AB Acquisition LLC

Chairman & CEO
Age: 73
President & COO
Age: 63
Executive VP & CFO
Age: 55
Chief Executive Officer of United Supermarkets and President of United Supermarkets
Age: 69
President of Southwest Division
Compensation as of Fiscal Year 2017.

AB Acquisition LLC Key Developments

Genomind Enters into A Partnership with Albertsons Companies

Genomind has entered into a partnership with Albertsons Companies. This collaboration will allow pharmacy patients at select Albertsons, Jewel-Osco and Acme supermarkets to voluntarily receive free education about Genomind's Genecept Assay®, the genetic test designed to help clinicians optimize treatment decisions for their patients dealing with mental health issues. The participating locations are: 21 Sav-On pharmacies at Albertsons in Boise, Idaho and nearby communities; 5 Jewel-Osco pharmacies at Jewel-Osco in the Chicago area; and 2 Sav-On pharmacies at Acme in the Philadelphia area. At the select locations, specially trained pharmacists may decide to counsel a patient if they see a pattern of the patient having unsuccessful experiences with a medicine prescribed for depression, anxiety, obsessive-compulsive disorder or other mental illnesses. For instance, up to half of all patients respond poorly to the first psychiatric medicine they try because everyone's body is different, partially based upon on their individual genetic makeup. The pharmacist, if the patient agrees, would then contact the treating clinician and suggest the Genecept Assay. The Assay identifies patient-specific genetic markers that indicate which treatments are likely to work as intended, have no effect or cause adverse effects.

Albertsons Companies Appoints Gautam Kotwal as Executive Vice President and Chief Data and Analytics Officer

Albertsons Companies announced that Gautam Kotwal is joining the company as Executive Vice President and Chief Data and Analytics Officer. In this new role, Gautam Kotwal will be responsible for leading Albertsons Cos.’ innovation efforts to drive value, create competitive differentiation and design personalized shopper experiences wherever and however they choose to shop. Most recently, Gautam Kotwal served as Vice President of Analytics, Data Platform & Data Science Engineering for Kohl’s Department Stores for the last two years. He built Kohl’s BigData team, with the overarching goal of enabling an insights-driven organization by democratizing data and science. He joined Kohl’s first in 2012 as the Director of Innovation before moving to Director of Innovation and Data Science. Prior to working at Kohl’s, Gautam Kotwal worked at Netflix where he began as an Engineering Manager and was quickly promoted to Director of Engineering where he was responsible for Netflix Streaming test strategy, vision, test architecture & test automation. Gautam Kotwal will be based at the company’s campus in Pleasanton, CA, and report to Donald.

Albertsons Companies Appoints Jim Donald President and Chief Operating Officer

Albertsons Companies announced that Jim Donald has been appointed President and Chief Operating Officer of Albertsons Companies, effective immediately. As President and Chief Operating Officer, Donald will have responsibility for the operations of the retailers’ 2,300+ store portfolio and help with the acceleration of the company’s growing omnichannel platform. Following the close of the recently announced merger with Rite Aid, subject to customary regulatory approvals and approval by Rite Aid shareholders, Donald will continue in this role and work alongside the rest of the combined company’s leadership team. Donald replaces Wayne Denningham, who retired earlier this year. Most recently, Donald served as Chief Executive Officer of Extended Stay America.

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