Safeway (SWY) Announces Retirement of CEO Steve Burd

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Safeway Inc. (NYSE: SWY) announced today that Steve Burd, its long-time Chairman and CEO, will retire as CEO and as a director at the Company's annual stockholders meeting on May 14, 2013. The Board of Directors will begin a search for a successor, and will consider both internal and external candidates for the job. Mr. Burd will help with the search and will continue to assist the Company after he transitions out of his leadership posts.

Mr. Burd joined Safeway in October 1992 as President and was appointed CEO in May of the following year. As CEO, he has been responsible for transforming the Company over an unprecedented 20 years at the helm.

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