PLEASANTON, Calif. — Analysts said Safeway here “has some big shoes to fill” in the wake of last week’s announcement that longtime Chairman and Chief Executive Officer Steve Burd plans to retire in May.
“Burd’s departure is, potentially, a significant loss for the company,” said John Heinbockel, an analyst at Guggenheim Securities, New York. “We rarely make this statement about a CEO, but Mr. Burd is unique for his longevity [20 years], ...
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