safeway board of directors

ATLANTA, April 28, 2023 - Delta Air Lines' (NYSE:DAL) board of directors today announced Vasant Prabhu as its newest member. These statements are based on management's assumptions and beliefs in light of the information currently available to it. PLEASANTON, Calif. Safeway Inc. announced the appointment of Frank Herringer and Kenneth Oder to the companys board of directors, expanding the board The estimated values for PDC and Casa Ley are based on analyses that Safeway has performed with the help of financial advisors, valuations from independent third parties and market information. 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. Ching, 52, has been with Safeway since 1994. Ms. Allen also served as a member of the Global Board of Directors, Chair of the Global Risk Committee and U.S. Representative of the Global Governance Committee of Deloitte during this time. Sign in or create an account to view Form(s) 990 for 2020, 2019 and 2018. ", Respond: Write a letter to the editor | Write a guest opinion. WebThe average annual salary of Safeway Electronics is estimated to be approximate $77,739 per year. Cameron Thistle's Phone Number and Email Last Update. Garcia is a three-time public company CFO with experience across all aspects of the financial function. Seafood prices up a tick; sales remain solid, Podcast: Mission complete? Neither Safeway nor any other person can assume responsibility for the accuracy and completeness of forward-looking statements. 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. The diversified network of retail assets, associated distribution centers and manufacturing assets will allow for a broader assortment of products, a more efficient distribution and supply chain, enhanced fresh and perishable offerings, and expanded private label alternatives for customers. Goldman, Bank of America Slightly Push Back Call for BOJ Move, Yen Bulls Are Pushing Back Bets on BOJ Tailwind to the Summer, Australias Rapid Fiscal Revival Brings Budget Surplus in View, Kings Coronation Holiday Provides Latest Drag for UK Economy, How Much ECB Hikes This Week Hinges on One Data-Packed Morning, Prez Beats Verstappen to Win Azerbaijan Grand Prix, Man U Fans Protest Against Glazers as Clubs Sale Decision Looms, AI Chatbots Have BeenUsed to Create Dozens of News Content Farms, Jack Ma Joins University of Tokyo as Visiting Professor, Pitched Fight for Stock Market Supremacy Was Masked by VIXs April Plunge, Ukraine Latest: Russia Targets Cities With New Missile Strikes, Eastern Europe Is Jeopardizing anEconomic Lifeline for Ukraine, Peter Thiel Tells Black-Tie NYC Audience That Diversity Is a Distraction, What You Need to Know About the Biden Administrations New Mortgage Fees, Russias Most Famous Fashion Designer, Who Dressed First Ladies, Dies at 85, Pope voices willingness to return Indigenous loot, artifacts, The Slow Dance Between Markets and Central Banks, The Oil Industrys Unhappy Marriage Is Starting To Face Facts, Dont Make It Too Hard for Americans to Investin China, The Boring Old Box Truck Gets the Tesla Treatment, For Banks Under Stress, Theres a Federal Backstop That Provides Help Without Stigma, What the US Can Learn From Europes ESG Mistakes, Singapore Deputy PM Allays Property Price Fears in May Day Rally, Japan Coalition Party Says More Handouts for Kids Top Priority, What to Know About Red-Flag Warnings, an Ominous WildfireForecast, Occidental Hopes to Sell the Carbon It Capturesat the Worlds Biggest Plant, Germany Sets the New Standard for Cheap, National Mass Transit, Chinas Now Spurning Ugliest Buildings That Symbolized Its Meteoric Rise, Broke Chinese Gen Zs Turn Factory Town into Top Tourist Spot, Bitcoin Sags After its Longest Streak of Monthly Gains Since 2021, Bitcoin on Course for Longest Streak of Monthly Gains Since 2021, Cross River Bank Gets FDIC Enforcement Order Over Lending. No store closures are expected as a result of this transaction. Ms. Wests proven track record of innovation and transformation across myriad facets of retail brings to our Board extensive food and retail industry experience. Robert Edwards, Safeway's current President and Chief Executive Officer, will become President and Chief Executive Officer of the combined company. 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. Through a network of 340 strategic locations across 30 countries and more than 38,000 employees, BrandSafway delivers a full range of forming, shoring, scaffolding, work access and industrial service solutions. Mr. Wille previously served as a director of the Company from January 2015 to June 2020. There can be no assurance that this process will result in a superior proposal. Value to Safeway Shareholders AB Acquisition is the owner of Albertson's LLC and New Albertson's, Inc. (collectively "Albertsons") and is controlled by a Cerberus Capital Management, L.P. ("Cerberus")-led investor group, which also includes Kimco Realty Corporation (NYSE:KIM), Klaff Realty LP, Lubert-Adler Partners LP, and Schottenstein Stores Corporation. Prabhu is the Vice Chair, Chief Financial Officer of Visa Inc. You can sign up for additional alert options at any time. (515) 446-6218 (Phone) (515) 963-3845 (Fax) [email protected]. 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. Chan Galbato Co-chair. Jack Sinclair Board Member. Robert Edwards, Safeway's current President and Chief Executive Officer, will become President and Chief Executive Officer of the combined company. All Rights Reserved BNP Media. By visiting this website, certain cookies have already been set, which you may delete and block. There can be no assurance as to the value of PDC and/or Casa Ley or that Safeway shareholders will receive the amount of after-tax net proceeds estimated in this press release, or any amount. Safeway and its directors, executive officers and certain other members of management and employees of Safeway may be deemed "participants" in the solicitation of proxies from shareholders of Safeway in favor of the proposed merger. About Albertsons Join us for The National Provisioners Top Poultry Trends Webinar and hear insights from Elancos technical experts regarding key market conditions impacting the poultry business. Cameron Thistle works as a Director, Retail Support at Safeway Canada, which is a Retail company with an estimated 170 employees. 4/30/2023 6:28 AM. WebSteve Burd is Former Chairman/CEO at Safeway Inc. See Steve Burd's compensation, career history, education, & memberships. There can be no assurances that Safeway will be able to sell either or both of PDC or Casa Ley. Her leadership and corporate governance experience with large public companies is valuable to our Boards governance strategic planning, and risk management oversight. Safeway Inc. announced the appointment of Frank Herringer and Kenneth Oder to the company’s board of directors, expanding the board from nine to 11 members. It also brings together two great organizations with talented management teams. The actual net after-tax proceeds received upon a sale could vary substantially from these estimates. On a present value basis over 15 years, this tax savings, resulting from future tax deductions, is valued at approximately $4.50 per Blackhawk share and $0.70 per Safeway share. Please click here to continue without javascript.. Tyson Foods and Hillshire Brands announce definitive merger agreement, Kroger and Albertsons solidify merger agreement. Keep reading with a digital access subscription. Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. Podcast: How long can the private brand streak last? Latham & Watkins LLP served as Safeway's outside legal counsel. Item 10. 1325 Cobb International Drive, Ste. Mr. Wille has served as a member of our Board since 2020. Additionally, shareholders will have the right to receive pro-rata distributions of net proceeds from primarily non-core assets with an estimated value of $3.65 per share. GuideStar worked with BoardSource, the national leader "Similarly, Safeway has consistently provided outstanding value and customer service throughout the communities it serves. Kennesaw, GA 30152, Spider Powered Suspended Access Solutions. We work hand in hand with local non-profit organizations to serve people in our neighborhoods where we operate. General Manager and Vice President of Information Technology at Safeway Philtech . Safeway : Board Of Directors Declares Quarterly Dividend: PR. in nonprofit board leadership and governance, to create this section. The monetization of its 49% equity interest in Mexico-based food and general merchandise retailer Casa Ley, S.A. de C.V. ("Casa Ley"). Golf's Greatest Holes: Golfing legend Paul McGinley takes television presenter Chris Hollins on a tour of the best golf courses in Ireland and Northern Ireland. He co-led the firms North American purchasing and supply management practice and was on the leadership team of the North American retail practice. Safeway's existing indebtedness is contemplated to be repaid at closing, other than capital leases and the company's 5.00% Senior Notes due 2019, 3.95% Notes due 2020, 4.75% Senior Notes due 2021, 7.45% Debentures due 2027 and 7.25% Debentures due 2031. "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. PDC projects are concentrated in Safeway's urban and suburban markets, and are predominantly located in California and Hawaii. Visit Salary.com to find out Safeway Electronics salary, Safeway Electronics pay rate, and more. WebOur Board of Directors Ann M. Sardini Chair of the Board (Term Expires 2023) Mark R. Hunter (Term Expires 2025) Linda K. Massman (Term Expires 2025) Steven Oakland (Term Expires 2024) Scott D. Ostfeld (Term Expires 2023) Jill A. Rahman (Term Expires 2024) Joseph E. Scalzo (Term Expires 2024) Jean E. Spence (Term Expires 2023) Additionally, shareholders will have the right to receive pro-rata distributions of net proceeds from primarily non-core assets with an estimated value of $3.65 per share. Contact the Board of Directors. Vivek most recently served as CEO of PepsiCo Foods North America. We look forward to working with Bob Miller and the rest of the Albertsons team as we proceed together on a path towards becoming an even stronger organization.". Mr. Schumacher has also served on the board of Warrior Met Coal, Inc., a leading producer and exporter of metallurgical coal for the global steel industry, since April 2017, Evertec Inc., a leading electronic transactions and technology company in Latin America, since 2015, Blue Bird Corporation since 2008, and as director of BlueLinx Holdings Inc., a distributor of building products, from 2004 to 2021. He will retire from Visa on Sept. 30. Mr. Prabhu is the Vice Chair, Chief Financial Officer of Visa Inc. More news: News in other languages on SAFEWAY INC. 2015: No store closures are expected as a result of this transaction. BrandSafway has a strong financial position with significant liquidity, allowing it to pursue the significant organic and inorganic growth opportunities available in its markets, said Garcia. Monitor your investments 24 hours a day, around the clock from around the globe. 4/30/2023 1:10 PM. WebSafeway: 1-800-SAFEWAY. Ms. West has served on the boards of Hasbro, Inc. a global play and entertainment company, since June 2016 and Lowes Inc., a home improvement retailer, since April 2021. 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. Ms. West has served on our Board since 2020 and currently serves as a Senior Advisor for McKinsey & Company. Combining these strong management teams will strengthen the ability of Safeway and Albertsons to deliver on a shared commitment to offering customers higher quality products at lower prices, which will undoubtedly yield positive results for all stakeholders in the business." Safeway Inc., which operates Safeway, Vons, Pavilion's, Randall's, 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 $36.1 billion in 2013. general merchandise retailer Casa Ley, S.A. de C.V. ("Casa Ley"). 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. Our stores provide the opportunity to mobilize funding and create awareness in our neighborhoods through our employees' passion, partnerships with our vendors, and generous contributions by our customers. I am excited to join BrandSafway, a market leader with an outstanding team, a strong commitment to safety, and the broadest portfolio of services and products in the industry, said Fessenden. Learn More Please check your inbox in order to proceed. Safeway Inc. and Albertsons announced a definitive agreement under which AB Acquisition LLC will acquire all outstanding shares of Safeway. Todays BrandSafway is At Work For You leveraging innovation and economies of scale to increase safety and productivity, while remaining nimble and responsive. The Merger will enable Albertsons and Safeway to implement operational best practices in order to offer customers an enhanced shopping experience and more competitive prices, while enabling the combined company to pursue industry-leading customer service in an increasingly competitive and dynamic marketplace. The diversified network of retail assets, associated distribution centers and manufacturing assets will allow for a broader assortment of products, a more efficient distribution and supply chain, enhanced fresh and perishable offerings, and expanded private label alternatives for customers. Under the merger agreement, Safeway shareholders will receive $32.50 per share in cash. Gary Steadman is a Store Director at Safeway based in Pleasanton, California. 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. WebThis Proxy Statement is furnished to our stockholders on behalf of the Board of Directors of Safeway Inc., a Delaware corporation (Safeway or the Company), in connection with 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. Item 10. Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? WebDirector - Chris Arlaud Director - Thom Brown Director - Tom Freeland Director - Cathy Kloos Director - Jeff Mason Director - Nicole Neumann Director - Debbie Portwood Director - Susan Probst Director - Cathleen Cox Stugard Director - Carla Thuney Director - Lisa Umali Advisor - Dian Emerson Advisor - Carolyn Wimberly This organization is required to file an IRS Form 990 or 990-EZ. If it is your nonprofit, add a problem overview. P.O. This announcement will be discussed on a conference call with analysts and investors, which is scheduled at 5:30 p.m. Eastern Time today. One of the most feared players in the NFL, the soft-spoken Ndamukong Suh has amassed an impressive real estate portfolio and hopes to use property to close the wealth gap for people of color. 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. aka SAFEWAY FOUNDATION | Pleasanton, CA | www.safewayfoundation.org. On a present value basis over 15 years, this tax savings, resulting from future tax deductions, is valued at approximately $4.50 per Blackhawk share and $0.70 per Safeway share. These statements are indicated by words such as "expects," "will," "plans," "intends," "committed to," "estimates" and "is." BrandSafway board of directors appoints new leadership, Karl Fessenden joins as CEO and Christian Garcia as EVP and CFO. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Participants in the Solicitation Want to see how you can enhance your nonprofit research and unlock more insights? Mr. Fennebresque has served as a senior advisor to Cowen Group Inc., a diversified financial services firm, since 2008, where he also served as its Chairman, President and Chief Executive Officer from 1999 to 2008. WebALBERTSONS COMPANIES FOUNDATION. Formed in 2008, PDC is a wholly owned subsidiary of Safeway Inc., engaged in retail shopping center development and capitalizing on Safeway's core real estate competency. Distribution of Blackhawk Shares Help us get you more of the nonprofit information you need, including: An email has been sent to the address you provided. The combined value for Safeway shareholders who receive both a distribution of Blackhawk shares and the aggregate cash and contingent consideration in the Merger, based on Safeway's current estimates of the value of the contingent consideration, would represent a premium of 72 percent over Safeway's closing share price of $23.27 on March 6, 2013, one year ago; 56 percent over Safeway's closing price of $25.62 on September 6, 2013, six months ago; and 17 percent over Safeway's closing share price of $34.10 on February 18, 2014, the day before Safeway announced it was in discussions regarding a potential sale of the company. Do Not Sell or Share My Personal Information. Forward-Looking Statements He has been Chief Financial Officer since 2015 and was elected Vice Chair in 2019. "Similarly, Safeway has consistently provided outstanding value and customer service throughout the communities it serves. Summary Programs + Results Financials Operations. If the PDC sale and/or Casa Ley sales are not completed by the closing of the Merger, Safeway shareholders will receive a non-transferable contingent value right (a "CVR"), which will provide shareholders with their pro-rata share of the net proceeds from the PDC and/or Casa Ley sales, as applicable, subject to the terms and conditions of the CVRs. This Safeway in a rich Bay Area enclave feels hostile.. We focus on giving locally in the areas of Education; Hunger Relief; Health and Human Services; and Helping People Living with Disabilities. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the shareholders of Safeway in connection with the proposed acquisition will be set forth in the proxy statement and the other relevant documents to be filed with the SEC. Additionally, shareholders will have the right to receive pro-rata distributions of net proceeds from primarily non-core assets with an estimated value of $3.65 per share. Mr. Gibson has served as the Chief Investment Officer of Centaurus Capital LP, a private investment partnership since 2011, and Investment Manager for the Laura and John Arnold Foundation since 2011. Safeway has begun discussions with the majority owners of Casa Ley regarding a potential sale of Safeway's interests. Our stores provide the opportunity to mobilize funding and create awareness in our neighborhoods through our employees' passion, partnerships with our vendors, and the generous contributions by our customers. Citigroup, lead financial advisor, Bank of America Merrill Lynch and Credit Suisse served as financial advisors to Albertsons, Cerberus and the investor group. WebSafeway has 1 board of directors, including George Morrow. 5 things: Dollar stores are trading inflation for loyalty, Data security breach may have exposed Albertsons employee info, Trader Joes workers vote yes to a union in California, 5 things top news: Kroger hit with another lawsuit, 2023 Informa USA, Inc., All rights reserved, Snack idea might help lethargic seafood sales, Theres a sense for something good at IDBBA 2023. Casa Ley is a private company, and does not publicly disclose financials. Investor Conference Call WebSafeway.

Why Did Scruffy Leave Dropkick Murphys, How To Demit From A Masonic Lodge, 2nd Day 2nd Month Payment Terms, Apartments In Baton Rouge Under $500, Articles S