By Sarah Hoxie
Safeway has named Robert L. Edwards the company's new Chief Executive Officer. Currently the company's President, Edwards will succeed Steven A. Burd when Mr. Burd retires as Chairman and Chief Executive Officer on May 14, 2013. Edwards will also join the company's Board of Directors, according to a press release.
"Since he arrived here in 2004, Robert has successfully met every challenge he has faced," said Steve Burd. "He has demonstrated the ability to lead the company in all facets of its operations, and has earned the respect of the entire organization."
Edwards joined Safeway in 2004 as the company's Executive Vice President and Chief Financial Officer. He was named President in April 2012 where he assumed overall responsibility for the company's retail operations, marketing, merchandising, corporate brands, manufacturing, distribution and finance functions. He continued as Chief Financial Officer until Peter J. Bocian succeeded him in February 2013. Before beginning a career with Safeway, Edwards served as a senior executive at Maxtor Corporation, Imation Corporation and Santa Fe Pacific Corporation.
T. Gary Rogers, currently the company's Lead Independent Director, will become Non-Executive Chairman upon Mr. Burd's retirement.
Rogers has been a member of the company's Board of Directors since March 2011. He is the former Chairman and Chief Executive Officer of Dreyer's Grand Ice Cream, Inc. and later served as Non-Executive Chairman of Levi Strauss & Co. and of the Federal Reserve Bank of San Francisco.
"The Board undertook a thorough search and concluded that Robert is the best candidate to lead Safeway," said Mr. Rogers. "He has the talent and experience that give the Board confidence that he will be a successful CEO."
Congratulations Robert L. Edwards and T. Gary Rogers!