The board of directors of Albertson's, Inc. (NYSE:ABS), one of the nation's largest food and drug retailers, today announced the appointment of Lawrence R. Johnston, 52, a senior executive of General Electric Company, as chairman, chief executive officer and a director. As president and chief executive officer of GE Appliances Division, a nearly $6 billion global business, Johnston reported directly to John F. Welch Jr., GE's chairman and CEO. Johnston also served as a member of GE's Corporate Executive Council.