If the deal is not closed within 12 months, Albertsons can extend the merger agreement by an additional three months under certain circumstances. The initial go-shop period is 21 days. Board of Directors Do Not Sell or Share My Personal Information. Contact Us Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. Sharon L. Allen Director. No, it never stops, Kroger, Albertsons may need to divest even more stores, Thoughts on the Kroger, Albertsons merger (Part 3). He will retire from Visa on Sept. 30. The people, governance practices, and partners that make the organization tick. Director On a national basis, we fund only organizations working in the area of Hunger through our Nourishing Neighbors Campaign. Steve Burd, Safeway Inc: Profile and Biography He co-led the firms North American purchasing and supply management practice and was on the leadership team of the North American retail practice. "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. Accordingly, actual results may differ materially and adversely from those expressed in any forward-looking statements. 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. 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. Director Robert Edwards, Safeway's current President and Chief Executive Officer, will become President and Chief Executive Officer of the combined company. Try a low commitment monthly plan today. 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. It is also anticipated that there will be a step up in Blackhawk's tax basis in assets which could generate approximately $30 million in cash tax savings per annum for Blackhawk. 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Prior to joining ESH, Mr. Donald served as President, Chief Executive Officer and Director of Starbucks Corporation, a multinational chain of coffeehouses and roastery reserves, President and Chief Executive Officer of regional food and drug retailer Haggen Food & Pharmacy, Chairman, President and Chief Executive Officer of regional food and drug retailer Pathmark Stores, Inc., and served in a variety of other senior and executive roles at Wal-Mart Stores, Inc., Safeway Inc. and Albertsons, Inc. Mr. Donald began his grocery and retail career in 1971 with Publix Super Markets, Inc. Mr. Donald has also served on the board of Nordstrom, Inc., a leading fashion retailer, since 2020. Banners will include Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Albertsons, ACME, Jewel-Osco, Lucky, Shaw's, Star Market, Super Saver, United Supermarkets, Market Street and Amigos. Latham & Watkins LLP served as Safeway's outside legal counsel. For additional information please refer to Safeway's most recent Form 10-K, 10-Q and 8-K reports filed with the SEC. 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. Gary Steadman's Phone Number and Email Last Update. Vivek Sankaran Chief Executive Officer and Director. Working together will enable us to create cost savings that translate into price reductions for our customers. 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. Keep reading with a digital access subscription.