e-News
|
|
Safeway Chairman and CEO Steve Burd to retire in May |
01.04.2013
|
Safeway announced Wednesday that Steve Burd, its long-time Chairman and CEO, will retire both as CEO and as a director at the Company's annual stockholders meeting on May 14. The Board of Directors will begin a search for a successor, and will consider both internal and external candidates. Mr. Burd will help with the search and will continue to assist the Company after he transitions out of his leadership posts.
As CEO, Mr. Burd transformed the Company over an unprecedented 20 years.
STORY CONTINUES BELOWAdvertisement
"I feel this is the right time to move forward with a transition plan," said Mr. Burd. "The company is gaining market share with each passing quarter. We have developed the most sophisticated digital marketing platform in retail, we are implementing the most comprehensive and personalized fuel loyalty program, and we will be rolling out a wellness initiative that has the potential to transform the Company."
"Steve has been an iconic leader and is one of the industry's most innovative CEOs," said Gary Rogers, the Company's Lead Independent Director. "He will be very difficult to replace."
|
|
|
