Vivek Sankaran is the CEO of Albertsons Companies, Inc., a role he took on in April 2019 after a successful career at PepsiCo, where he led Frito-Lay. He has a solid educational background with an MBA from the University of...
Vivek Sankaran is the CEO of Albertsons Companies, Inc., a role he took on in April 2019 after a successful career at PepsiCo, where he led Frito-Lay. He has a solid educational background with an MBA from the University of Michigan and a Master's in Manufacturing from Georgia Tech. With his extensive experience in strategy and operations, Vivek is focused on transforming Albertsons into more than just a grocery store. Under his leadership, the company has adapted to consumer demands by improving digital and delivery services, even achieving 258% growth in their digital sales during a challenging year like 2020. His compensation strategy is aligned with performance, meaning he earns significant bonuses based on the company's achievements, like a $2.5 million bonus for outstanding performance in 2020. Vivek's commitment to the company's growth is reflected in his stock vesting including a significant amount tied to performance metrics, ensuring he benefits as the company succeeds. He also set an example for executive pay, with a notable pay ratio of 272 to 1 compared to the median employee, sparking discussions about CEO compensation practices.