BOISE, Idaho — According to published reports, Brian Monahan, head of Albertsons Cos.' retail media business, has left the company, Albertsons confirmed Monday.
Monahan served as senior vice president of Albertsons Media Collective for a little more than a year. Following his departure, the retailer said its retail media division will report directly to chief marketing officer Emily Turner.
The leadership change comes as Albertsons works to strengthen its position in the rapidly growing retail media sector while addressing declining comparable-store sales. Retail media networks have become an increasingly important source of high-margin revenue for retailers, driving investment in advertising technology, data capabilities and brand partnerships.
Monahan's exit was first reported by Adweek. Albertsons did not provide additional details regarding his departure or plans for a successor.
