Justin Dye joined PJ SOLOMON as a Senior Advisor in 2017. He works with the firm’s Food Retail & Restaurants Group in advising clients in the grocery retail and distribution sectors, as well as in related Consumer Products verticals.
Mr. Dye helped lead Cerberus’ acquisition of Albertsons’ “non-core” stores (Albertsons LLC) in 2006, after which he was appointed Chief Strategy Officer. Under his leadership, Albertsons executed acquisitions, operational improvements and successful turnarounds of various chains, including Safeway, New Albertsons (from Supervalu), United Supermarkets and Haggen Food & Pharmacy. Over ten years, the company grew from approximately $10 billion in sales with roughly 660 stores to over $60 billion in sales and over 2,300 stores.
Most recently, Mr. Dye served as Chief Administrative Officer and a member of the Office of the CEO, running day-to-day operations of Albertsons Companies, which grew to become the second-largest supermarket chain in the United States. He led integration activities for the Albertsons and Safeway merger with over $800 million in synergies.
Mr. Dye’s experience has also included leading the simplification and consolidation of company-wide supply chain operations including distribution, procurement and manufacturing. In addition, he led growth initiatives with responsibility for M&A, Corporate Development, Strategy and Real Estate, as well as significant changes in the Information Technology function with reorganization, digital acceleration, technology modernization and process improvement.
Mr. Dye has represented the food retail industry as a member of the Food Marketing Institute’s Board of Directors’ Executive Committee. He chaired the Industry Relations Committee for FMI and was co-chair of the Trading Partner Alliance, represented by industry leaders from both FMI and GMA. Mr. Dye has served as a past board member of the New Albertsons Inc., Cub Grocery Stores and Idaho First Bank. He has also served as a member of the Board of Visitors of DePauw University.
Mr. Dye received a Bachelor of Arts with academic honors from DePauw University.