David Zinsner
Albertsons CompaniesAbout David Zinsner
David Zinsner is Executive Vice President and Chief Financial Officer of Intel Corporation (since 2022), leading global finance functions including accounting, reporting, tax, treasury, internal audit, and investor relations . He was appointed to Albertsons Companies’ (ACI) Board on September 15, 2025 as an independent director, designated pursuant to Cerberus Capital Management’s director nomination rights . As of his appointment, he had not been assigned to any Board committee and filed a Form 3 indicating no beneficial ownership of ACI securities .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Intel Corporation | Executive Vice President & CFO | 2022–present | Leads global finance; public-company CFO experience |
| Micron Technology | Executive leadership positions | Not disclosed | Semiconductor finance/operations exposure |
| Analog Devices | Executive leadership positions | Not disclosed | Semiconductor finance/operations exposure |
| Intersil Corp. | Executive leadership positions | Not disclosed | Semiconductor finance/operations exposure |
| Affirmed Networks | Executive leadership positions | Not disclosed | Technology/telecom finance/operations exposure |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Intel Corporation | Executive Vice President & CFO | 2022–present | Capital allocation discipline; deleveraging and capex prioritization experience |
| Other public company boards | None disclosed | — | — |
Board Governance
- Appointment and independence: Appointed Sept 15, 2025; described by ACI as an independent director .
- Committee membership: None as of appointment .
- Board leadership: Chair transitioned from Jim Donald (retired Sept 15, 2025) to independent director Kim Fennebresque .
- Executive sessions and governance hygiene: ACI conducts regular executive sessions and maintains independent standing committees; the largest stockholder has representation and nomination rights on the Board .
- Meetings and attendance context: The Board met 10 times in FY2024; directors are expected to attend at least 75% of meetings (Zinsner joined after FY2024; attendance for him not yet disclosed) .
Fixed Compensation
Director cash compensation framework (non-management directors):
| Role | Cash Retainer (Annual) |
|---|---|
| Non-Management Board Member | $125,000 |
| Non-Management Board Chair | $200,000 |
| Audit Committee – Chair | $50,000 |
| Audit Committee – Member | $25,000 |
| Compensation Committee – Chair | $40,000 |
| Compensation Committee – Member | $20,000 |
| Finance Committee – Chair | $40,000 |
| Finance Committee – Member | $20,000 |
| Governance Committee – Chair | $40,000 |
| Governance Committee – Member | $20,000 |
| Technology Committee – Chair | $40,000 |
| Technology Committee – Member | $20,000 |
Notes:
- No meeting fees; reasonable expenses reimbursed .
- Zinsner was appointed mid-year; pro-ration of cash/equity for mid-cycle joiners is not disclosed .
Performance Compensation
Director equity compensation and vesting terms:
| Award Type | Annual Value | Grant Date | Vesting | Dividend Equivalents |
|---|---|---|---|---|
| Time-Based RSUs (TBRSUs) | $145,000 | First business day of fiscal year | Vest on last day of fiscal year | DERs accrue and vest with TBRSUs; DERs on unvested awards re-accrue |
Notes:
- ACI’s director program does not include performance-vesting equity or options for directors; it is time-based only .
Other Directorships & Interlocks
| Company | Role | Committee Roles | Notes |
|---|---|---|---|
| Intel Corporation | Executive Vice President & CFO | N/A | Current officer role; extensive technology and AI-related financial leadership |
| ACI related-party transactions | — | — | No related-party transactions involving Zinsner disclosed; the 8-K states none under Item 404(c) . Cerberus affiliates receive fees for services (e.g., ~$4.0M IT advisory in FY2024), reflecting broader stockholder representation on ACI’s Board . |
Expertise & Qualifications
- Finance and technology: 25+ years of financial and operational experience across leading semiconductor/technology firms; CFO of Intel since 2022 .
- Strategic capital allocation and risk management: Public remarks emphasize deleveraging priorities, disciplined capex, and demand-driven investment pacing—useful for ACI’s Finance and Technology oversight even without committee assignment .
- Digital and AI orientation: ACI highlights board focus on cybersecurity/AI within the Technology Committee; Zinsner’s career background aligns with this oversight agenda .
Equity Ownership
| Item | Value |
|---|---|
| Total beneficial ownership (ACI) | 0 shares (as of Form 3 filing) |
| Ownership % of shares outstanding | 0.00% (out of 563,990,471 shares outstanding as of the proxy record date) |
| Vested vs. unvested breakdown | Not applicable at appointment; no holdings reported |
| Pledging/hedging | ACI prohibits speculative trading; pledges/hedges require pre-clearance per Insider Trading Policy |
| Director stock retention guideline | Must retain at least 50% of shares received from equity awards during Board service; all directors in compliance as of June 20, 2025 (Zinsner joined after) |
Insider filings:
| Filing | Date | Holdings Disclosed |
|---|---|---|
| Form 3 (Initial Statement of Beneficial Ownership) | Sept 22, 2025 | “No securities are beneficially owned” |
Governance Assessment
- Positive signals
- Independent status at appointment; no related-party transactions or family relationships disclosed for Zinsner .
- Deep finance/technology/AI experience that complements ACI’s Technology and Finance oversight priorities .
- Director equity paid in TBRSUs with share retention guidelines; no options, tax gross-ups, or speculative trading allowed—alignment and discipline .
- Watch items / potential red flags
- No ACI share ownership at appointment; alignment will depend on future equity accruals via TBRSUs .
- Designation pursuant to Cerberus rights underscores major shareholder influence over Board composition; ensure continued independence in practice given Cerberus’ related-party service fees (e.g., $4.0M IT advisory in FY2024) .
- No committee assignments initially; monitor engagement/attendance as disclosed in future proxies .
Overall, Zinsner brings credible finance/technology expertise and appears independent, with no disclosed conflicts or related-party ties. The main alignment gap is initial zero ownership, which ACI’s TBRSU program and share retention policy should address over time .