Albertsons Named Cody Perdue Interim Finance Chief
The veteran executive will oversee corporate finances while the retail chain searches for a permanent replacement.
Updated on Oct. 7, 2026 in Corporate Finance
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Albertsons has appointed senior vice president Cody Perdue to the role of interim chief financial officer. The move follows the retirement of former CFO Sharon McCollam, who will remain with the company in an advisory capacity.
Why it matters
The transition ensures leadership continuity within the finance department as the retail chain manages its significant multi-state footprint. Maintaining stable financial oversight is critical for operations across its thousands of locations and associated logistics hubs.
As of June 20, 2026, the retail chain managed a network of 2,240 stores, 1,708 in-store pharmacies, 408 fuel centers, 22 distribution centers, and 19 manufacturing facilities. These figures represent the total active footprint undergoing this executive transition.
The players
Albertsons
A major American grocery retailer operating thousands of stores, pharmacies, and distribution facilities across the United States.
Cody Perdue
An experienced finance executive who has served in various leadership capacities at the company since 2013.
Sharon McCollam
The former chief financial officer who is transitioning out of her executive role to serve in an advisory capacity.
The details
Cody Perdue will maintain his previous responsibilities for Treasury, Investor Relations, and Risk Management alongside his new interim duties. The company has officially launched a search for a permanent successor. Sharon McCollam is set to support the leadership transition through an advisory role that runs until February 27, 2027.
Timeline
Cody Perdue joined Albertsons in 2013.
As of June 20, 2026, the company operated 2,240 store outlets.
The appointment was announced on October 7, 2026.
Sharon McCollam will serve as an advisor until February 27, 2027.
Market Landscape
The appointment follows the standard corporate governance practice of appointing interim executives during a CFO search to maintain continuity. This shift highlights how large-scale retail operators prioritize internal expertise when managing complex financial and risk management portfolios.
Operators should monitor whether the interim appointment signals a change in financial strategy or a temporary bridge to new leadership. Assess current supply chain or vendor contracts in light of any shifts in treasury and risk management policies throughout the transition period.
The takeaway
Large retailers often leverage long-tenured internal staff to manage risk during executive transitions. Business owners should document their own succession plans to ensure key financial functions remain uninterrupted during leadership changes.
What happens next
The advisory period for the outgoing chief financial officer is scheduled to conclude on February 27, 2027.
Further reading
For more on how shifts in leadership affect organizational strategy, visit Corporate Finance.
Source note: This article includes information reported by Esmmagazine.
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