safeway board of directors

Registered in England and Wales. PLEASANTON, Calif. Safeway Inc. announced the appointment of Frank Herringer and Kenneth Oder to the companys board of directors, expanding the board from nine to 11 members. Ms. West began her career at Kraft Foods and served in various capacities over the course of 21 years and was named its Chief Marketing Officer in 2007. A GuideStar Pro report containing the following information is available for this organization: This information is only available for subscribers and in Premium reports. AB Acquisition will assume the corporate tax on the distribution of Blackhawk shares to Safeway's shareholders. WebSafeway has 1 board of directors, including George Morrow. "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. "This Merger is one of several actions we have taken in recent months as a result of our strategic business review. Ankeny, IA 50021. Citigroup, lead financial advisor, Bank of America Merrill Lynch and Credit Suisse served as financial advisors to Albertsons, Cerberus and the investor group. 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." Benzinga does not provide investment advice. Cameron Thistle's Phone Number and Email Last Update. 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) If the sales of PDC and/or Casa Ley are completed prior to the closing of the Merger, the net proceeds from these sales will be paid to shareholders at or before the closing of the Merger in a special dividend. ", "This Merger is one of several actions we have taken in recent months as a result of our strategic business review. If Safeway is unable to sell PDC prior to the second anniversary of the closing of the Merger, no payment will be made to Safeway shareholders with respect to PDC and the CVR will expire valueless. Org Chart Albertsons - The Official Board Subscribe and follow. Delta Board of Directors Names Vasant Prabhu as Newest Member. Safeway Dreiling serves as the Lead Independent Director of the Lowes Board of Directors. Evaluate the most effective solutions with interactive exhibits from leading suppliers. Its intentional. WebRobert Edwards, Safeway's current President and Chief Executive Officer, will become President and Chief Executive Officer of the combined company. , Klaff Realty LP, Lubert-Adler Partners LP, and Schottenstein Stores Corporation. The proceeds are from: WebThe average annual salary of Safeway Electronics is estimated to be approximate $77,739 per year. Delta Air Lines' (NYSE:DAL) board of directors today announced Vasant Prabhu as its newest member. We're proud to be one of the largest contributors to food banks and feeding programs in the neighborhoods we serve. 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. 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. WebJoe Korngiebel is Chief Product and Technology Officer at Ceridian. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. More news: News in other languages on SAFEWAY INC. 2015: 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." Safeway Director Salaries | Glassdoor Property Development Centers and Casa Ley. ", Respond: Write a letter to the editor | Write a guest opinion. The 25th annual Food Safety Summit is the industry's premier event connecting food safety professionals throughout the supply chain with timely, actionable information and practical solutions to improve food safety! In connection with the proposed merger transaction, Safeway will file with the SEC and furnish to Safeway's shareholders a proxy statement and other relevant documents. Mr. Turner was a member of the board of Nordstrom, Inc., from 2010 to May 2020. 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 Before joining PepsiCo in 2009, Vivek was a partner at McKinsey and Company, where he served various Fortune 100 companies bringing a strong focus on strategy and operations. Patricia H. Mueller, chief marketing officer and SVP, advertising and marketing for Atlanta-based The Home Depot Inc. from 2011 to 2016, was also elected to the board. Managing Director - $601,766 See Other Titles. For a competing bidder who did not qualify during the go-shop period, the termination fee would be $250 million. 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. Additional Information and Where to Find It Prior to Citadel, Mr. Turner served as COO of Microsoft Corporation, an American multinational technology corporation, from 2005 to 2016, and as CEO and President of Sams Club, an American chain of membership-only retail warehouse clubs owned and operated by Walmart Inc., from 2002 to 2005. Joe leads the companys ambitious innovation strategy, designed to ensure its innovations continue to This filing does not constitute a solicitation of any vote or approval. (Don't see an email in your inbox? 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. 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. About Cerberus Capital Management, L.P. P.O. Mr. Schumachers experience as a director of several public companies, and his deep understanding of accounting principles and risk management, expands the breadth of our Boards expertise in accounting and financial reporting oversight and risk management. RICHARD W. DREILING 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.". 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 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. Goldman, Sachs & Co. served as financial advisor to Safeway in connection with the Company's strategic review and the transactions. Monitor your investments 24 hours a day, around the clock from around the globe. KENNESAW, Ga., Sept. 30, 2020 The board of directors of BrandSafway, a global leader in access and industrial services, has announced that Karl Fessenden has been named chief executive officer (CEO) and Christian Garcia will be the new executive vice president (EVP) and chief financial officer (CFO), effective mid-October. Safeway and Albertson's announced Thursday they have entered into a definitive merger agreement. PDC's portfolio consists of 25 properties with an estimated three million square feet, and is comprised of 11 operating assets, nine projects under construction, and five projects in the due diligence and entitlement phases. Under certain circumstances, if the Merger fails to close, AB Acquisition would be required to pay Safeway $400 million. PDC projects are concentrated in Safeway's urban and suburban markets, and are predominantly located in California and Hawaii. ATLANTA, April 28, 2023 - Delta Air Lines' (NYSE:DAL) board of directors today announced Vasant Prabhu as its newest member. Delta Board of Directors Names Vasant Prabhu as Newest Member. Among her other leadership roles at Deloitte, Ms. Allen was partner and regional managing partner responsible for audit and consulting services for several Fortune 500 and large privately held companies. As a result of the Merger, plus other actions to be taken by the Safeway Board of Directors as described below, including the separate sales of certain other primarily non-core assets, and the distribution of Blackhawk shares, Safeway shareholders are expected to receive total value estimated at $40 per share. About Albertsons Our stores nationally provide the opportunity to mobilize funding and create awareness in our neighborhoods. The PDC CVR will have a two-year term. He also served as head of the corporate finance and mergers and acquisitions departments at UBS, a global financial services firm, and was a general partner and co-head of investment banking at Lazard Frres & Co, a leading financial advisory and asset management firm. Executive Officer from May 2013 to April 2015, President and Chief Financial Officer from April 2012 to May 2013, and Executive Vice President and Chief Financial Officer from March 2004 to April 2012. The majority pay is between $68,369 to $87,906 per year. Board of Directors During the extended time, Safeway would not be permitted to pay a dividend to its shareholders but shareholders would receive additional cash consideration equal to 6% per annum on the $32.50 per share cash price for the number of days that pass during the three month extension until closing. Ms. Allen served in various leadership roles at Deloitte Touche Tohmatsu Limited during her 40 years of service, including as U.S. Chairman of Deloitte from 2003 until her retirement in May 2011. Under the merger agreement, Safeway shareholders will receive $32.50 per share in cash. The call will be webcast live at www.Safeway.com. Subscribe to stay connected to Tucson. PDC projects are concentrated in Safeway's urban and suburban markets, and are predominantly located in California and Hawaii. Director We are excited about continuing this momentum as a combined organization. Mr. Turner has served as our Vice Chairman since February 2020, after serving as Vice Chairman and Senior Advisor to the Chief Executive Officer from August 2017 to February 2020. Ching, 52, has been with Safeway since 1994. 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. 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. Insurers liability for civil fines and penalties By closing this message or continuing to use our site, you agree to the use of cookies. Kim Prior to joining Cerberus, Mr. Wille worked in the leveraged finance group at Deutsche Bank Securities Inc. from 2004 to 2006. Greenhill & Co. has also served as financial advisor to Safeway. He has been Chief Financial Officer since 2015 and was elected Vice Chair in 2019. We are excited about continuing this momentum as a combined organization. Delta Air Lines' (NYSE:DAL) board of directors today announced Vasant Prabhu as its newest member. Safeway and Albertsons Announce Definitive Merger WinCo Foods tabs Grant Haag as 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. Thomas Nelson has been working as a Store Director at Safeway for 20 years. He will retire from Visa on Sept. 30. Investors - Governance - Board of Directors - Albertsons 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. This number represents the median, which is the midpoint of the ranges from our proprietary Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? By closing this message or continuing to use our site, you agree to the use of cookies. The merger agreement was unanimously approved by the Board of Directors of Safeway. Edwards previously held several executive level positions with Safeway Inc., including President and Chief. AB Acquisition is the owner of Albertson's LLC and New Albertson's Inc. and is controlled by a Cerberus Herringer is the chairman and former chief executive officer of Transamerica Corp., a financial services company. Safeway Board Members Name & TitleBio Robert Miller CEO Doug MacKenzie Board Member Gary Rogers Board Member George Charters Board 1 on Yelp's SW best eateries, Green Valley bite reminder that it's rattler season in Tucson, Yentzer booted from ballot in race for Tucson mayor, Award-winning journalist takes helm of Arizona Daily Star, state news operations, Threats cause Catalina Foothills School District to cancel meeting, 40 fun events happening in Tucson this weekend April 27-30 , Northern lights spotted over Tucson after powerful solar activity, Arizona coach Tommy Lloyd says Wildcats are 'in great shape' despite current holes in roster, Tucson to study creating city-run electric utility; TEP opposed, Pac-12 basketball picks: Soon-to-depart USC is early league favorite; Arizona slotted 3rd, Tucson Opinion: Confused about Prop 412? 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. Casa Ley is a private company, and does not publicly disclose financials. Mr. Schumacher has served as a member of our Board since 2015. For a competing bidder who did not qualify during the go-shop period, the termination fee would be $250 million. 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. Citigroup, lead financial advisor, Bank of America Merrill Lynch and Credit Suisse served as financial advisors to Albertsons, Cerberus and the investor group. The merger agreement was unanimously approved by the Board of Directors of Safeway. Greenhill & Co. has also served as financial advisor to Safeway. There can be no assurances that Safeway will be able to sell either or both of PDC or Casa Ley. 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 Stock Price Premium Mr. Wille is currently a Senior Managing Director and Head of Consumer and Retail Private Equity at Cerberus, which he joined in 2006. WebRobert Edwards holds 3 board and advisor roles including Member of the Board of Directors at TalentSky, Member of the Board of Directors at Target, and Member of the Board of Directors at Safeway. Working together will enable us to create cost savings that translate into price reductions for our customers. Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. The initial go-shop period is 21 days. Prabhu is the Vice Chair, Chief Financial Officer of Visa Inc. Safeway During the extended time, Safeway would not be permitted to pay a dividend to its shareholders but shareholders would receive additional cash consideration equal to 6% per annum on the $32.50 per share cash price for the number of days that pass during the three month extension until closing. Visit Salary.com to find out Safeway Electronics salary, Safeway Electronics pay rate, and more. 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. 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. Albertsons and Safeway Complete Merger Transaction 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. Director Additionally, his deep experience in the financial services industry provides our Board valuable insight into the Companys risk management, financial performance, and strategic plan. The PDC CVR will have a two-year term. Mr. Willes experience in the financial and private equity industries, and his in-depth knowledge of the Company and industry, are valuable to our Boards understanding of the Company, its strategic plan, and its financial performance. To access the website replay, go to the "Investors" link and click on "Presentations and Webcasts." Submit Your Analyst Briefing Safeway Board of Director 1 Board of directors For more information about BrandSafway, visit www.brandsafway.com. Do Not Sell My Personal Data/Privacy Policy. Vivek Sankaran Chief Executive Officer and Director. For more information, please visit www.Albertsons.com. A subscription helps you access more of the local stories that keep you connected to the community. "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. Kevin Turner (born April 3, 1965) is an American businessman and investor who is currently the chairman of Zayo Group and the vice chairman of Albertsons / Safeway Inc. WebCasey's General Stores, Inc. ATTN: Darren Rebelez, President and Chief Executive Officer. WebBoard of Directors 1 Safeway Management Team 20 Team Members Safeway has 20 executives. Safeway "Albertsons has successfully transformed underperforming retail grocery stores into strong performers by focusing on enhancing the local customer experience," saidLenard Tessler, Co-Head of Global Private Equity and Senior Managing Director at Cerberus. He spent 14 years with General Electric, during which time he served in several operating and finance leadership positions within various industrial divisions and as President and CEO of Coregis, a GE Capital company. Learn More Found email listings include: c***@safeway.ca. We are pleased to have these talented leaders join the BrandSafway team, said John Krenicki, chairman of the board and acting CEO. Bob Miller, Albertsons current Chief Executive Officer, will become Executive Chairman. We work hand in hand with local non-profit organizations to serve people in our neighborhoods where we operate. 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. Over his ten-year career at PepsiCo, in addition to leading Frito-Lay, Vivek also served as the chief commercial officer for PepsiCo North America, Chief Customer Officer of Frito-Lay, and as the Senior Vice President of Strategy for PepsiCo. By visiting this website, certain cookies have already been set, which you may delete and block. He has been Chief Financial Officer since 2015 and was elected Vice Chair in 2019. There can be no assurances that Safeway will be able to sell either or both of PDC or Casa Ley. BrandSafway board of directors appoints new leadership, Karl Fessenden joins as CEO and Christian Garcia as EVP and CFO. 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.". The final ratio and the value of the Blackhawk shares will be determined at the time of the distribution and will depend on the market value of Blackhawk at that time and the number of diluted Safeway shares. The initial go-shop period is 21 days. ALBERTSONS COMPANIES, INC. : Shareholders Board 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. Renda spent more 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." ", "This Merger is one of several actions we have taken in recent months as a result of our strategic business review. (515) 446-6218 (Phone) (515) 963-3845 (Fax) darren.rebelez@caseys.com. Safeway will soon be initiating a process to sell PDC. About the Combined Company Safeway : Board Of Directors Declares Quarterly Dividend: PR. By visiting this website, certain cookies have already been set, which you may delete and block. 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. Safeway's current Chief Financial Officer is Randy N Anderson. Safeway Location 1555 Dublin Canyon Rd, Pleasanton, California, 94588, United States Description Industry Grocery Retail Retail Discover more about Safeway "Similarly, Safeway has consistently provided outstanding value and customer service throughout the communities it serves. Participants in the Solicitation What are the organization's current programs, how do they measure success, It also brings together two great organizations with talented management teams. The Blackhawk distribution is not dependent upon the completion of the Acquisition, and is being undertaken for independent business reasons. Robert Edwards If you experience any issues with this process, please contact us for further assistance. The FNIH encourages the public to take action during OctoberNational Breast Cancer Awareness Monthand help raise awareness and donate to this unique Among other things, the Combined Entity's ability to achieve estimated price reductions from the transaction, as well as the timing of such reductions, will depend on the Combined Entity's ability to integrate its businesses in a timely fashion, including realizing synergies anticipated by reduction of duplicative systems and processes. 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. Value to Safeway Shareholders Petco appoints Safeways CIO to board of directors | CIO Immediately after the Merger, the Board of Directors of Safeway was reconstituted such that Robert G. Miller, Robert L. Edwards, Howard Cohen, Ronald Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. 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. The sale of the assets of real-estate development subsidiary Property, Development Centers, LLC ("PDC") comprised of its shopping center, portfolio including certain related Safeway stores, and, 2. The Merger is expected to close in the fourth quarter of 2014 following the satisfaction of customary closing conditions, including approval of the Merger by the holders of a majority of the outstanding shares of Safeway common stock and regulatory approvals including expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. WebThe company is privately owned by Cerberus Capital Management, Kimco Realty Corporation, Klaff Realty, Lubert-Adler Partners, and Schottenstein Stores Corporation. For more information, please visit www.Albertsons.com. The actual net after-tax proceeds received upon a sale could vary substantially from these estimates. 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. The proceeds are from: 1. Previously, Gary was a Director, Online Business Education at Portla nd State University and also held positions at InsideTrack, InsideTrack, Safeway. There can be no assurance that this process will result in a superior proposal. 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 - Contacts, Employees, Board Members, Advisors The actual net after-tax proceeds received upon a sale could vary substantially from these estimates. Prior to that, he served as the company's president and chief operating officer, a position he was named to in 2016. Click here to resend it.). 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. He co-led the firms North American purchasing and supply management practice and was on the leadership team of the North American retail practice. Mr. Turners strategic and operational leadership skills and expertise in online worldwide sales, global operations, supply chain, merchandising, branding, marketing, information technology and public relations provide our Board with valuable insight relevant to our business.

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