You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. The company's common stock is traded on the New York Stock Exchange under the symbol SWY. General Manager and Vice President of Information Technology at Safeway Philtech . Highlight your management teams expertise. Citigroup, lead financial advisor, Bank of America Merrill Lynch and Credit Suisse served as financial advisors to Albertsons, Cerberus and the investor group. Mr. Fennebresque previously served on the boards of Ribbon Communications Inc., a provider of network communications solutions, Delta Tucker Holdings, Inc. (the parent of DynCorp International, a provider of defense and technical services and government outsourced solutions), and Rotor Acquisition Corp., a special purpose acquisition company, from November 2020 to June 2021. Please check your inbox in order to proceed. Ms. West previously served as Senior Vice President and Chief Growth Officer of The Hershey Company, one of the largest chocolate manufacturers in the world, from May 2017 to January 2020, during which time she drove Hersheys growth and marketing strategies as well as communication, disruptive innovation, research and development, and mergers and acquisitions. There is no assurance that any payments will be made with respect to the sales of PDC and/or Casa Ley, including with respect to the CVRs after the closing of the Merger. Albertsons Companies Foundation supports causes that impact our customers' lives. Safeway's current Chief Financial Officer is Randy N Anderson. Kennesaw, GA 30152, Spider Powered Suspended Access Solutions. Timing and Closing Conditions The combined value of the transactions described above is expected to deliver a premium to Safeway's shareholders of 72% from one year ago, and 56% over the share price six months ago," said Robert Edwards, President & Chief Executive Officer of Safeway Inc. "Safeway has been focused on better meeting shoppers' diverse needs through local, relevant assortment, an improved price/value proposition and a great shopping experience that has driven improved sales trends. Edwards, 57, will also join the company's Board of Directors. DELTA NEWS ON THE GO. A GuideStar Pro report containing the following information is available for this organization: This information is only available for subscribers and in Premium reports. WebMember of the Board of Directors, Caseys General Stores, Inc. since 2014 (also member of the Compensation (Chair) Committee; Member of the Board of Directors, International They are part of Read More Cameron Thistle's Phone Number and Email Last Update 4/30/2023 6:28 AM Email c***@safeway.ca Engage via Email Contact Number (***) ***-**** Engage via Phone Prior to Centaurus, Mr. Gibson served as Senior Vice President of institutional asset management at Royal Bank of Canada from February 2008 until April 2011. Realizing substantial cost savings will allow for investments that are expected to benefit customers, including price reductions as well as store remodels and refurbishments. He co-led the firms North American purchasing and supply management practice and was on the leadership team of the North American retail practice. View all board members Compare Safeway to Competitors Trader Joe's Trader Joe's is a specialty grocery store In addition, investors may obtain a free copy of Safeway's filings with the SEC from Safeway's website at http://www.Safeway.com or by directing a request to: Safeway Inc., 5918 Stoneridge Mall Road, Pleasanton, California 94588, Attention: Investor Relations. The Blackhawk distribution is intended to maximize the value of Safeway's long-term investment in Blackhawk, which the Board determined to be in the best interests of Safeway, Blackhawk, and the shareholders of both companies. Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. He currently serves on the board of Amgen Inc. and the Charles Schwab Corp. Oder was Safeways executive vice president of labor relations, human resources, legal and public affairs from 1993 to 2000. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. If you are interested in partnering with us to eradicate hunger, please fill out an application below. ", "This Merger is one of several actions we have taken in recent months as a result of our strategic business review. PDC projects are concentrated in Safeway's urban and suburban markets, and are predominantly located in California and Hawaii. WebSafeway. We focus on giving locally in the areas of Education; Hunger Relief; Health and Human Services; and Helping People Living with Disabilities. Casa Ley is a private company, and does not publicly disclose financials. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Steve Thomas works as a General Manager and Vice President of Information Technology at Safeway Philtech, which is a Custom Software & IT Services company with an estimated 115 employees. This Safeway in a rich Bay Area enclave feels hostile.. By visiting this website, certain cookies have already been set, which you may delete and block. Forward-Looking Statements Prior to joining Cerberus, Mr. Wille worked in the leveraged finance group at Deutsche Bank Securities Inc. from 2004 to 2006. Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? A verification email has been sent to you. 2014: Empire : Safeway acquisition boosts Sobeys owner Empire's profit: RE. By closing this message or continuing to use our site, you agree to the use of cookies. The Board can be contacted using one of the two methods below. Evaluate the most effective solutions with interactive exhibits from leading suppliers. The Merger will create a diversified network that includes over 2,400 stores, 27 distribution facilities and 20 manufacturing plants with over 250,000 dedicated and loyal employees. Any shareholder wishing to communicate with one or more Board members should address a written communication No store closures are expected as a result of this transaction. The company is privately owned by Cerberus Capital Management, Kimco Realty Corporation, Klaff Realty, Lubert-Adler Partners, and Schottenstein Stores Corporation. For additional information please refer to Safeway's most recent Form 10-K, 10-Q and 8-K reports filed with the SEC. By visiting this website, certain cookies have already been set, which you may delete and block. This filing does not constitute a solicitation of any vote or approval. WebSteve Burd is Former Chairman/CEO at Safeway Inc. See Steve Burd's compensation, career history, education, & memberships. The FNIH could not have launched I-SPY 2 without the generous contributions from The Safeway Foundation, said Dr. Scott Campbell, Former Executive Director and CEO of the FNIH. Together, we will be able to respond to local needs more quickly and deliver outstanding products at the lowest possible price, more efficiently than ever before. Safeway and Albertson's announced Thursday they have entered into a definitive merger agreement. Vivek Sankaran Chief Executive Officer and Director. Prior to Weatherford, Garcia served as automotive supplier Visteons CFO and as Halliburtons acting CFO. The Casa Ley CVR will have a four-year term. Managing Director - $601,766 See Other Titles. No, it never stops, Kroger, Albertsons may need to divest even more stores, Thoughts on the Kroger, Albertsons merger (Part 3). (515) 446-6218 (Phone) (515) 963-3845 (Fax) darren.rebelez@caseys.com. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Immediately after the Merger, the Board of Directors of Safeway was reconstituted such that Robert G. Miller, Robert L. Edwards, Howard Cohen, Ronald Kravit, Ethan Klemperer, Jay Schottenstein and Hersch Klaff were appointed as the directors of Safeway. The Merger does not alter Safeway's previously announced plan to distribute the remaining 37.8 million shares of Blackhawk stock that it owns to its shareholders in mid-April and prior to the completion of the Merger. Visit Salary.com to find out Safeway Electronics salary, Safeway Electronics pay rate, and more. WebSafeway has 1 board of directors, including George Morrow. He has also held various positions at First Boston Corporation, an investment bank acquired by Credit Suisse. Schulte Roth & Zabel LLP served as lead outside legal counsel to Albertsons, Cerberus and the investor group, and Dechert LLP, Schulte Roth & Zabel LLP and Baker Botts LLP served as outside legal counsel on antitrust matters. The Merger does not alter Safeway's previously announced plan to distribute the remaining 37.8 million shares of Blackhawk stock that it owns to its shareholders in mid-April and prior to the completion of the Merger. Mr. Fennebresque has served on the board of Ally Financial Inc., a financial services company, since May 2009, and BlueLinx Holdings Inc., a distributor of building products, since May 2013, including as Chairperson of BlueLinx since May 2016. Garcia is a three-time public company CFO with experience across all aspects of the financial function. The people, governance practices, and partners that make the organization tick. Supermarket News is part of the Informa Connect Division of Informa PLC. It also brings together two great organizations with talented management teams. We are excited about continuing this momentum as a combined organization. Learn More The company operates 1,335 stores in 20 states and the District of Columbia, 13 distribution centers and 20 manufacturing plants, and employs approximately 138,000 employees. It also brings together two great organizations with talented management teams. Safeway does not intend to disclose developments with respect to the solicitation process unless and until its Board has made a decision with respect to any potential superior proposal. about GuideStar Pro. 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Value to Safeway Shareholders If Safeway is unable to sell Casa Ley before the four-year expiration of the CVR, shareholders would receive a cash distribution equal to the after-tax fair market value of Safeway's interest in Casa Ley at such time. Robert Edwards and his team have done an outstanding job in positioning Safeway's core business for success, by investing in its stores and creating innovative strategic marketing programs that contribute to shareholder value. The merger agreement allows Safeway to pay its regular quarterly dividends over the next 12 months, prior to closing, and to increase the dividend within certain limits, assuming the deal is closed during that time period. For a 15-day period following the termination of the go-shop period, Safeway will be permitted to continue discussions and enter into or recommend a transaction with any person that submitted a qualifying proposal during the 21-day period. Contact the Board of Directors. Our current Board of Directors consists of seven members. "Albertsons has successfully transformed underperforming retail grocery stores into strong performers by focusing on enhancing the local customer experience," said Lenard Tessler, Co-Head of Global Private Equity and Senior Managing Director at Cerberus. Click on the link in that email Mr. Fennebresques extensive experience as a director of several public companies and history of leadership in the financial services industry brings corporate governance expertise and a diverse viewpoint to the deliberations of our Board. Learn about the organization's key goals, strategies, capabilities, and progress.

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