Mark Panzer Named SVP Pharmacy, Health & Wellness For Albertsons Marketing & Merchandising Team

BOISE, Idaho, May 15, 2015 /PRNewswire/ -- AB Acquisition LLC, parent company of Albertson's LLC, New Albertson's, Inc., and Safeway Inc. (collectively Albertsons) announced today that Mark Panzer has been named Senior Vice President of Pharmacy, Health & Wellness, overseeing the company's 1,760 pharmacies in 34 states across the country. Panzer replaces Darren Singer, who has left the company to pursue other opportunities.

Panzer's retail career began at Osco Drug stores over 40 years ago. He moved into roles in Regional Sales and Marketing and Regional Operations for the drug store chain, eventually serving as District Manager as well as Director and subsequently Vice President of Sales and Marketing with American Drug Stores. Those roles led to his being named Senior Vice President of Sales and Marketing for Albertsons following its merger with American Stores in 1999. In 2001, Mark left the company to join Rite Aid as Executive Vice President of Store Operations, and in 2005 was named Senior Executive Vice President and Chief Marketing Officer for that company, leaving in 2008 to become President & CEO of Pharmaca Integrative Pharmacy, Inc.

"Mark understands and appreciates the entrepreneurial spirit that embodies how we go to market across our divisions, and we're thrilled that he's chosen to come back to our team," said Shane Sampson, Chief Marketing & Merchandising Officer for Albertsons. "Early on in his career, Mark was part of the team that helped define what great customer service meant for pharmacy operations in a grocery company. Moreover, he has proven himself to be an extraordinary leader throughout his career and is well respected throughout the industry. His extensive retail, sales, and marketing experience will be invaluable to our Pharmacy team as we move forward with our goal to be the Favorite Local Supermarket™ for our customers and employees."

Panzer's new role is effective immediately, and he will relocate to the Boise office in the coming weeks.

About AB Acquisition LLC

AB Acquisition LLC, the parent company of Albertson's LLC, New Albertson's, Inc., and Safeway Inc., is one of the world's largest food and drug retailers, with more than 2,200 stores and 1,700 pharmacies in 34 states and the District of Columbia under 18 banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United, Pavilions, Star Market, Market Street, Amigos, and Carrs. The company is privately owned by a consortium led by Cerberus Capital Management.

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Brian Dowling
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SOURCE AB Acquisition LLC