Robert Edwards, president and CEO of Safeway, is doing the job for which he was hired — maximizing shareholder value. He’s doing that by overseeing the sale of the company to Albertsons for $15 above the price at which shares were selling before the deal with announced in April... More
Albertsons and Safeway said Friday they will divest 168 stores across eight states as a step toward obtaining Federal Trade Commission clearance for their merger, which they said is scheduled to close in January....More
Safeway employees with access to reference-based pricing for health care laboratory services spent less than employees without the same information, according to a joint study conducted by Safeway and Cigna Corp....More
As Safeway nears the completion of its merger with Albertsons, the company said net income fell as a result of a series of one-time charges while sales increased for the third quarter and 36 weeks ended Sept. 6....More
David F. Bond, SVP, finance and control (chief accounting officer); Robert A. Gordon, SVP, chief governance officer, secretary and general counsel; Russell M. Jackson, SVP, human resources; Barry J. Libenson, SVP, CIO; Melissa C. Plaisance, SVP, finance and investor relations; David R. Stern, SVP, planning and business development; Jerry Tidwell, SVP, supply operations; Donald P. Wright, SVP, real estate and engineering.