Albertsons Cos. said today that Sarah Mensah (left) and Lisa Gray (right) have been appointed to its board of directors, bringing the total to 11 members.
“Sarah and Lisa are accomplished leaders in their respective industries, and I am delighted to officially welcome them to the Albertsons Cos. Board of Directors,” said Vivek Sankaran, CEO of Albertsons Cos., in a statement. “Sarah’s reputation for elevating brand value by thoughtfully challenging the status quo and championing innovation, along with Lisa’s proven track record in corporate transactions, governance, and leadership, will benefit our business, customers, and shareholders. They each bring a unique skill set and expertise that will continue to drive success at Albertsons as we execute our transformation strategy in 2024.”
Mensah currently serves as president of the Jordan Brand for Nike and is responsible for the brand’s overall business operations. Mensah has played key roles across Nike’s geographical and Jordan businesses since she joined the company in 2013. She also spent 19 years with the NBA’s Portland Trail Blazers, last serving as its SVP and COO. She is credited for her contribution to the successful rebranding and revitalization of the Trail Blazers brand and for improving its financial viability, noted Albertsons.
Additionally, Mensah serves on the board of North Pole Studios and the International Women’s Foundation.
Gray serves as the vice chair and senior legal officer for Cerberus Operations & Advisory Company, LLC, an alternative investing service with a platform focused on supply chain integrity. The company is Albertsons’ largest investor. She is also a member of Cerberus Capital Management’s office of general counsel. Gray has more than 35 years of experience in structuring and negotiating complex mergers and acquisitions, regulatory and legislative advocacy, corporate governance, and debt restructurings.
She serves on various portfolio company boards of Cerberus. Before Albertsons’ IPO, she was on the board of directors of Albertsons LLC and various of its subsidiary companies.
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