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Albertsons and Safeway Name Senior Leadership Team for Appointment Upon Completion of Proposed Merger

Christine

/

Sep 19th, 2014

Corporate Newsroom

Media Contacts:

Christine Wilcox
christine.wilcox@albertsons.com | 208-395-4163

Brian Dowling

brian.dowling@safeway.com | 925-467-3787

 

BOISE, ID and PLEASANTON, CA – September 19, 2014 – AB Acquisition LLC (Albertsons) and Safeway Inc. (NYSE: SWY) announced today the new senior leadership team and division leaders  for the combined company that will take effect upon the closing of the proposed merger transaction, which is pending customary regulatory approvals.

“We’re drawing on the strong talent within both companies to build an innovative, customer-focused and growth-driven company,” said Safeway President and Chief Executive Officer, Robert Edwards, who will serve as the combined company’s president and CEO.  “We are confident in this team’s ability to build a great company that’s positioned to win over the long term by earning the loyalty of grocery shoppers in every market we serve and delivering superior operational and financial results.”

After regulatory approval and closing of the transaction, the new company will have the following leadership team:

  • Bob Gordon, Executive Vice President & General Counsel
  • Shane Sampson, Executive Vice President, Marketing & Merchandising
  • Andy Scoggin, Executive Vice President, Human Resources, Labor Relations, Public Affairs & Government Affairs
  • Jerry Tidwell, Executive Vice President, Supply Chain & Manufacturing
  • Lee Wilson, Executive Vice President & Chief Administrative Officer
  • Bob Dimond, Executive Vice President & Chief Financial Officer, reporting to Mr. Wilson
  • Justin Ewing, Executive Vice President, Corporate Development & Real Estate, reporting to Mr. Wilson
  • Barry Libenson, Interim Executive Vice President & Chief Information Officer, reporting to Mr. Wilson.  Mr. Libenson is expected to be with the new company through March 2015, at which time a successor will be named.
  • Wayne Denningham, Executive Vice President & Chief Operating Officer, South Region
  • Justin Dye, Executive Vice President & Chief Operating Officer, East Region
  • Kelly Griffith, Executive Vice President & Chief Operating Officer, North Region

The new company will be comprised of three regions and 14 retail divisions. The company will keep the focus and financial responsibility at the division level, but take full advantage of the expertise, vision and core capabilities of the corporate team.  The 14 divisions will be supported by corporate offices in Boise, ID, Pleasanton, CA, and Phoenix, AZ.

The division presidents for the new company, who will report to the chief operating officer for their respective regions, will be:

  • Dennis Bassler, Portland Division, North Region
  • Paul McTavish, Denver Division, North Region
  • Susan Morris, Intermountain Division, North Region
  • Tom Schwilke, Northern California Division, North Region
  • Dan Valenzuela, Seattle Division, North Region
  • Shane Dorcheus, Southwest Division, South Region
  • Scott Hays, Southern Division, South Region
  • Sidney Hopper, Houston Division, South Region
  • Lori Raya, Southern California Division, South Region
  • Robert Taylor, United Division, South Region
  • Steve Burnham, Eastern Division, East Region
  • Jim Perkins, Acme Division, East Region
  • Jim Rice, Shaw’s Division, East Region
  • Mike Withers, Jewel-Osco Division, East Region

No banner changes are planned.

“We know the best way to grow our business is to have the highest quality fresh departments, lower prices, clean, well-stocked stores and the best customer service in the market,” said Bob Miller, Albertsons current CEO, who will become Executive Chairman of the combined company upon completion of the transaction.  “Our teams will focus on delivering what customers want locally, and we will give our store teams more flexibility to make decisions that are right for their neighborhoods.  The division teams will have the responsibility to have the right assortment for their markets.”

Safeway shareholders approved the proposed merger agreement on July 25, under which AB Acquisition LLC, an affiliate of Albertsons, will acquire all outstanding shares of Safeway.  The transaction is under review by the Federal Trade Commission and is expected to close in the fourth quarter of this year, pending FTC approval.

 

About Safeway Inc.

Safeway Inc., which operates Safeway, Vons, Pavilions, Randalls, Tom Thumb, and Carrs stores, is a Fortune 100 company and one of the largest food and drug retailers in the United States with sales of $35.1 billion in 2013. The company operates 1,331 stores in 20 states and the District of Columbia, 13 distribution centers and 19 manufacturing plants, and employs approximately 138,000 employees. The company’s common stock is traded on the New York Stock Exchange under the symbol SWY. For more information, please visit www.Safeway.com.

 

About Albertsons

Established in 2006, AB Acquisition LLC (“Albertsons”), which operates ACME, Albertsons, Jewel-Osco, Lucky, Shaws, Star Market and Super Saver, and stores under the United Family of stores, Amigos, Market Street and United Supermarkets, is working to become the favorite food and drug retailer in every market it serves. The company is privately owned by Cerberus Capital Management, Kimco Realty Corporation, Klaff Realty, Lubert-Adler Partners, and Schottenstein Stores Corporation, and operates 1,081 stores and 14 distribution centers in 29 states and employs approximately 115,000 associates. For more information, please visit www.Albertsons.com.

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5 Responses to Albertsons and Safeway Name Senior Leadership Team for Appointment Upon Completion of Proposed Merger

  1. Bernard Gorostiague 05/10/2014 at 4:00 pm

    Having been a previously employed with Albertsons llc in Flordia (20 year veteran) is the combine company planning to to put back more stores in Flordia. Also would love to work for the company again, I’ve put in a number of applications thru the company web site for various positions in and out Flordia. I truly miss it !!!

  2. Apple Cahalan Store #3563 Duncanville TX 09/11/2015 at 9:10 pm

    I’m a former employee at Safeway store .For over a month I have been trying to get my retirement funds sent to my IRA account .Pleasanton office has already cut the check My store directer did the termination Oct.3,2015 Its in the TX system but not in the Calif. I’m trying to by a house If this is not done with in 10 days I will lose earnest funds and the house Please any help would be greatly appreciated

    • Customer Support 10/11/2015 at 10:31 am

      Thanks for your feedback. Please contact our Employee Services Center at 888-255-2269. They will be able to assist you. -Savannah

  3. Becky 29/12/2015 at 5:19 pm

    Get rid of you Signature Select coffee in the stores; it is the worst coffee that I have ever had. Bring back all of our flavors of Java Delight Coffee! For every day that you leave the Signature Select coffee in your stores, you will have dissatisfied customers. Dissatisfied customers don’t come back to your stores.

    The Signature Select coffee should be disposed of in a government approved toxic waste dump, in my opinion. Does that tell you how bad that coffee is?

    My family and friends will be back to shop in your stores when you bring all of our flavors of Java Delight coffee back. If you don’t, we won’t be back.

    Bring back my Java Delight coffee in the Eugene, Or stores!

    I am a very unhappy customer without my coffee.

    • Customer Support 30/12/2015 at 11:42 am

      Thank you for the feedback, Becky. We have shared your concerns with our Product Buyers for further consideration. Thank you for your time. -Julio

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