BOISE, Idaho and PLEASANTON, Calif. — AB Acquisition LLC (Albertsons) and Safeway Inc. SWY, -0.26% 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 Hayes, 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 AlbertsonsEstablished 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 1,060 stores and 14 distribution centers in 29 states and employs approximately 115,000 associates. For more information, please visit www.Albertsons.com.
Source: Safeway Inc.
