Why Albertsons Was a Dog of a Stock This Week
Few investors are happy when an executive departs their company, particularly if that executive has a track record at solid companies in their past.
Thursday morning, supermarket chain operator Albertsons (NYSE: ACI) revealed in a regulatory filing that such a person in its ranks was making an exit. The company's shares promptly fell on the news; as of Friday before market open they were down 9% week to date, according to data provided by S&P Global Market Intelligence.
The departing individual Albertsons revealed in the document is Chief Customer and Digital Officer Christine Rupp. Her tenure formally ends on July 31; from then until now she will remain in her post to assist with the transition.
Source Fool.com
