Safeway (SWY) Appoints Robert Edwards as CEO

April 29, 2013 5:18 PM EDT
Safeway Inc. (NYSE: SWY) announced that Robert L. Edwards, currently the company's President, will succeed Steven A. Burd as Chief Executive Officer when Mr. Burd retires as Chairman and Chief Executive Officer on May 14, 2013. Mr. Edwards, 57, will also join the company's Board of Directors.

Safeway also announced that T. Gary Rogers, currently the company's Lead Independent Director, will become Non-Executive Chairman upon Mr. Burd's retirement.

Mr. Edwards joined Safeway as Executive Vice President and Chief Financial Officer in 2004. In April 2012, he was named President, with overall responsibility for the company's retail operations, marketing, merchandising, corporate brands, manufacturing, distribution and finance functions. He continued as Chief Financial Officer until Peter J. Bocian succeeded him in that role in February 2013.

Prior to joining Safeway, Mr. Edwards served as a senior executive at Maxtor Corporation, Imation Corporation and Santa Fe Pacific Corporation. He serves as a director on KKR Financial Holdings, LLC and on Blackhawk Network Holdings, Inc., a subsidiary of Safeway Inc. Mr. Edwards holds a Masters in Business Administration and a Bachelor of Sciences in Accounting from Brigham Young University.

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