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Albertson's Inc. announced today that Felicia D. Thornton will join the company as executive vice president and chief financial officer.
Thornton, 37, will report directly to Larry Johnston, Albertson's chairman and CEO, and will serve as a member of the company's executive committee. Her responsibilities will include oversight of all traditional financial functions, as well as strategic planning, investor relations and process improvement.
Thornton most recently served as group vice president-retail operations at The Kroger Company, responsible for identifying and coordinating best practices across Kroger's vast chain of retail stores and distribution facilities. In this role, she served as a member of Kroger's executive committee.
Previously, Thornton served as group vice president-finance and administration for Ralphs Grocery Company, an $8 billion retailer. During her seven years at Ralphs, she held a series of leadership positions in corporate planning, strategic projects, finance and administration. Thornton was instrumental in the successful $15 billion merger between Ralphs and Fred Meyer in 1998 as well as the $5 billion merger between Ralphs and Food 4 Less in 1995.
"We are extremely fortunate to have attracted an individual with Felicia's credentials," Johnston said. "Her successful track record in finance, mergers and acquisitions and process re-engineering will be a strong addition to the exciting senior leadership team we are building at Albertson's."
Thornton said, "Albertson's is a great company with strong core fundamentals and tremendous market potential. I look forward to working with Larry and his new leadership team as we drive the company forward and maximize value for our customers, associates and shareholders."