AB Acquisition LLC, which operates Albertson’s LLC and New Albertson’s Inc., has appointed Rick Navarro, who had been the company’s CFO since its inception in 2006, as chief administrative officer. Succeeding Navarro as the company’s CFO is former Nash Finch executive Robert Dimond.
In his new role, Navarro will oversee the IT, legal, business development, human resources and public affairs functions.
Dimond brings 24 years of financial and senior executive management experience in the grocery and distribution industry. Dimond most recently served as EVP, CFO and treasurer at Nash Finch, a food distribution and retail company. In that role, Dimond was responsible for all of the company’s financial functions, and he also served as the primary contact for all investor relations, investment and commercial banking activities.
Prior to Nash Finch, Dimond was with Wild Oats Markets as CFO and SVP from April 2005 to December 2006, and he also served as group VP and CFO for the western region of Kroger, as well as VP, administration and controller for Smith’s Food and Drug Centers.
“Our decentralized operating structure requires executives with entrepreneurial mindsets, and the work that Rick and Bob have done in their careers exemplify that trait,” said Bob Miller, CEO of Albertsons. “Our leadership teams at Albertson’s LLC and New Albertson’s Inc. have done a phenomenal job positioning our stores for the future, and both Rick and Bob are capable executives who will help our company to capitalize on that as we look to grow for the future.”