Albertsons Companies, Inc. filed a Form 8-K on November 10, 2026, disclosing the appointment of Andrew Murray as Executive Vice President, Chief Financial Officer, effective January 17, 2027.

Key Highlights

  • New CFO named: Andrew Murray, age 49, was appointed Executive Vice President, Chief Financial Officer, effective January 17, 2027.
  • Base salary: Murray will receive an annualized base salary of $900,000.
  • Bonus target: His target cash bonus opportunity is 100% of base salary under the Company's annual bonus plan.
  • Equity compensation: Target annual equity award compensation will be $3.5 million beginning with FY26, plus a one-time sign-on equity award with a grant date value of $1 million.
  • Sign-on cash bonus: Murray will receive a one-time cash sign-on bonus of $1 million, subject to repayment if he leaves or is terminated for cause before January 17, 2029.
  • Interim CFO transition: Cody Perdue, Interim Chief Financial Officer, will resume his duties as Senior Vice President, Treasury, Investor Relations and Risk effective January 17, 2027.
  • Prior role: Murray currently serves as Group Chief Financial Officer of Fonterra Co-Operative Group, a position he has held since 2024.

Andrew Murray's Appointment and Compensation at Albertsons

According to the filing, Albertsons Companies, Inc. (NYSE:ACI) announced on November 10, 2026 that Andrew Murray will join the company as Executive Vice President, Chief Financial Officer on January 17, 2027. Murray, age 49, is currently Group Chief Financial Officer of Fonterra Co-Operative Group, which the filing describes as "the world's largest dairy exporter and co-operative in New Zealand owned by farmers." At Fonterra, the filing states, Murray oversees finance as well as strategy, mergers and acquisitions, transformation, information technology, financial trading, shared services, and procurement. He joined Fonterra in 2023 as CFO, Global Markets, before becoming Group CFO in 2024.

Before Fonterra, the filing discloses that Murray served as Chief Financial Officer at Simplot Australia from 2020 to 2023, with responsibility for finance, corporate strategy, legal, and information technology. He also held senior finance roles at Toll Group and Mondelez International, covering Australia and New Zealand and later the Asia Pacific, Middle East, and Africa region.

In terms of compensation, the filing states Murray's annualized base salary will be $900,000, with a target cash bonus opportunity of 100% of base salary. His target annual equity award compensation will be $3.5 million beginning with FY26. The one-time sign-on equity award of $1 million "will vest in equal installments over a period of two years from the grant date, subject to the terms of the applicable award agreement," according to the filing. The filing also notes Murray entered into an employment agreement that includes non-competition and non-solicitation covenants for the 12-month period following termination. The filing states there are no family relationships between Murray and any director or executive officer of the company.

What Was Disclosed

Albertsons Companies disclosed the appointment of Andrew Murray as Executive Vice President, Chief Financial Officer effective January 17, 2027, including his compensation terms, professional background, and the concurrent transition of interim CFO Cody Perdue back to his prior role.