What is in this article?:
- Burd Plans to Retire From Safeway
- Several Major Initiatives
- Safeway Lists Burd's Achievements
“While I still have the high level of energy and enthusiasm I brought to the company 20 years ago, I need more personal time and, given my extensive work in health care, I want to pursue that interest further.”
— Steve Burd
Safeway Lists Burd's Achievements
Safeway cited among Burd’s achievements in his two decades at the helm:
• Establishing a “culture of thrift and capital discipline.”
• Developing the “Lifestyle” store format.
• Forming a prepaid payment network — Blackhawk — that has become one of the largest distributors of gift cards in the world.
2012 Power 50: No. 3 Steve Burd
He also accelerated Safeway’s efforts in charitable giving and sustainability, the company said, and led Safeway to become “one of the nation’s most recognized leaders in health care” through its innovative insurance and wellness programs.
“Steve has been an iconic leader and is one of the industry’s most innovative CEOs,” said Gary Rogers, the company’s lead independent director. “He will be very difficult to replace. As he moves to the next phase of his career, we hope to continue to leverage his input and assistance as the company moves ahead with its exciting new programs.”
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