(515) 446-6218 (Phone) (515) 963-3845 (Fax) darren.rebelez@caseys.com. An RFP is released on an annual basis by invitation only. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. Mr. Willes experience in the financial and private equity industries, and his in-depth knowledge of the Company and industry, are valuable to our Boards understanding of the Company, its strategic plan, and its financial performance. Connect and network with a community of food safety professionals throughout the supply chain. Additionally, shareholders will have the right to receive pro-rata distributions of net proceeds from primarily non-core assets with an estimated value of $3.65 per share. Join us for The National Provisioners Top Poultry Trends Webinar and hear insights from Elancos technical experts regarding key market conditions impacting the poultry business. The diversified network of retail assets, associated distribution centers and manufacturing assets will allow for a broader assortment of products, a more efficient distribution and supply chain, enhanced fresh and perishable offerings, and expanded private label alternatives for customers. Prior to joining the Company, Mr. Donald served as Chief Executive Officer and Director of Extended Stay America, Inc., a large North American owner and operator of hotels, and its subsidiary, ESH Hospitality, Inc. from February 2012 to July 2015. Vivek most recently served as CEO of PepsiCo Foods North America. WebBoard N-1 President & CEO Vivek Sankaran Move Vice Chairman Of The Board Kevin Turner Move Co-Chairman Jim Donald Move Co-Chairman of the Board Chan Galbato Mr. Turner has served as our Vice Chairman since February 2020, after serving as Vice Chairman and Senior Advisor to the Chief Executive Officer from August 2017 to February 2020. BrandSafway supports maintenance and refurbishment projects as well as new construction. PDC projects are concentrated in Safeway's urban and suburban markets, and are predominantly located in California and Hawaii. Mr. Fennebresques extensive experience as a director of several public companies and history of leadership in the financial services industry brings corporate governance expertise and a diverse viewpoint to the deliberations of our Board. Ms. West provides our Board with expertise in marketing, brand building and strategic and operational planning for consumer-focused companies. Among her other leadership roles at Deloitte, Ms. Allen was partner and regional managing partner responsible for audit and consulting services for several Fortune 500 and large privately held companies. ", Respond: Write a letter to the editor | Write a guest opinion. No store closures are expected as a result of this transaction. Podcast: How long can the private brand streak last? The majority pay is between $68,369 to $87,906 per year. The call will be webcast live at www.Safeway.com. Click on the link in that email AB Acquisition plans to fund the Merger in part with debt financing of approximately $7.6 billion, equity contributions from its current investors and their affiliates, partners and co-investors of approximately $1.25 billion, and cash on hand of Safeway. A replay of the call will be archived at www.Safeway.com. (Don't see an email in your inbox? WebThe average annual salary of Safeway Electronics is estimated to be approximate $77,739 per year. about GuideStar Pro. WebBurd was President of Safeway from October 26, 1992, until May 14, 2013, and CEO from April 30, 1993, until May 14, 2013. Shopping Companies With More Than 10 Employees, Health Care Acquired Companies With More Than 500 Employees, Shopping Acquired Companies With More Than $1M in Revenue, E-Commerce Companies With More Than $500 in Revenue, Retail Acquired Companies With More Than $500 in Revenue, Internet Companies With More Than $500 in Revenue, Food and Beverage Acquired Companies With More Than 500 Employees, Health Care Acquired Companies With More Than $50M in Revenue, Total number of current Advisors and Board roles the person has, Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Organization Name: This is the name of the organization, Title At Company: Title of a Person's Job, Start Date: Start date of the Person's Job, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Number of news articles that reference the Person, Executive Vice President and Chief Financial Officer, TalentSky Is Building A Professional Network With A Focus On Verified Skills, Target beefs up board, former CEOs of Safeway, Clorox. The estimated values for PDC and Casa Ley are based on analyses that Safeway has performed with the help of financial advisors, valuations from independent third parties and market information. WebOur Board of Directors Ann M. Sardini Chair of the Board (Term Expires 2023) Mark R. Hunter (Term Expires 2025) Linda K. Massman (Term Expires 2025) Steven Oakland (Term Expires 2024) Scott D. Ostfeld (Term Expires 2023) Jill A. Rahman (Term Expires 2024) Joseph E. Scalzo (Term Expires 2024) Jean E. Spence (Term Expires 2023) Working together will enable us to create cost savings that translate into price reductions for our customers. The merger agreement includes a so-called "go-shop" period, during which Safeway, with the assistance of Goldman Sachs, its financial advisor, will actively solicit, receive, evaluate and potentially enter into negotiations with parties that offer alternative proposals. Mr. Schumacher has served as a member of our Board since 2015. Goldman, Sachs & Co. served as financial advisor to Safeway in connection with the Company's strategic review and the transactions. Mr. Fennebresque has been a member of our Board since 2015. Ms. West has served on our Board since 2020 and currently serves as a Senior Advisor for McKinsey & Company. As one of the largest grocery retailers in North America, we find that supporting hunger relief programs is a natural fit for us. /sites/all/themes/penton_subtheme_supermarketnews/images/logos/footer.png. The Merger will create a diversified network that includes over 2,400 stores, 27 distribution facilities and 20 manufacturing plants with over 250,000 dedicated and loyal employees. If Safeway is unable to sell Casa Ley before the four-year expiration of the CVR, shareholders would receive a cash distribution equal to the after-tax fair market value of Safeway's interest in Casa Ley at such time. Mr. Gibson has served as the Chief Investment Officer of Centaurus Capital LP, a private investment partnership since 2011, and Investment Manager for the Laura and John Arnold Foundation since 2011. The Merger will enable Albertsons and Safeway to implement operational best practices in order to offer customers an enhanced shopping experience and more competitive prices, while enabling the combined company to pursue industry-leading customer service in an increasingly competitive and dynamic marketplace. It also brings together two great organizations with talented management teams. To access the website replay, go to the "Investors" link and click on "Presentations and Webcasts." He most recently served as oil field services supplier Weatherfords CFO. The right to receive any future payments with respect to the sales of PDC and/or Casa Ley, including with respect to the CVRs after the Closing of the Merger, will be contingent on a number of factors, including Safeway's ability to sell all or a portion of PDC and/or Casa Ley, and the amount of after-tax net proceeds realized. They are part of Information Technology Department and Albertsons' Chief Executive Officer Bob Miller stated, "This transaction offers us the opportunity to better serve customers by adapting more quickly to evolving shopping preferences in diverse regions across the country. Investor Conference Call Timing and Closing Conditions The merger agreement was unanimously approved by the Board of Directors of Safeway. Safeway Inc., which operates Safeway, Vons, Pavilion's, Randall's, Tom Thumb, and Carrs stores, is a Fortune 100 company and one of the largest food and drug retailers in the United States with sales of $36.1 billion in 2013. Combining these strong management teams will strengthen the ability of Safeway and Albertsons to deliver on a shared commitment to offering customers higher quality products at lower prices, which will undoubtedly yield positive results for all stakeholders in the business." Contact. The company is privately owned by Cerberus Capital Management, Kimco Realty Corporation, Klaff Realty, Lubert-Adler Partners, and Schottenstein Stores Corporation. The Blackhawk distribution is intended to maximize the value of Safeway's long-term investment in Blackhawk, which the Board determined to be in the best interests of Safeway, Blackhawk, and the shareholders of both companies. "Albertsons has successfully transformed underperforming retail grocery stores into strong performers by focusing on enhancing the local customer experience," saidLenard Tessler, Co-Head of Global Private Equity and Senior Managing Director at Cerberus. Learn more Mr. Schumacher worked for 23 years at American National Can Corporation and American National Can Group, where he served as Executive Vice President and Chief Financial Officer from 1997 until his retirement in 2000, and Vice President, Controller and Chief Accounting Officer from 1985 until 1996. He has been Chief Financial Officer since 2015 and was elected Vice Chair in 2019. The combined value of the transactions described above is expected to deliver a premium to Safeway's shareholders of 72% from one year ago, and 56% over the share price six months ago," said Robert Edwards, President & Chief Executive Officer of Safeway Inc. "Safeway has been focused on better meeting shoppers' diverse needs through local, relevant assortment, an improved price/value proposition and a great shopping experience that has driven improved sales trends. Delta Air Lines' (NYSE:DAL) board of directors today announced Vasant Prabhu as its newest member. Casa Ley is a private company, and does not publicly disclose financials. We look forward to working with Bob Miller and the rest of the Albertsons team as we proceed together on a path towards becoming an even stronger organization." Mr. Galbato has served as Co-Chairman of our Board since 2021. Officers, directors, trustees, and key employees, Analyze a variety of pre-calculated financial metrics, Access beautifully interactive analysis and comparison tools, Compare nonprofit financials to similar organizations, Revenue and expense data for the current fiscal year, CEO, Board Chair, and Board of Directors information, *with the ability to download the data for 2020, 2019, 2018, 2017, 2016. The Merger does not alter Safeway's previously announced plan to distribute the remaining 37.8 million shares of Blackhawk stock that it owns to its shareholders in mid-April and prior to the completion of the Merger. Safeway is part of the Grocery Retail industry, and located in California, United States. "Similarly, Safeway has consistently provided outstanding value and customer service throughout the communities it serves. 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. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur. Safeway and Albertson's announced Thursday they have entered into a definitive merger agreement. Copyright 2023. Number 8860726. Together, we will be able to respond to local needs more quickly and deliver outstanding products at the lowest possible price, more efficiently than ever before. Safeway was not a one man band and the acts were not ratified by Safeways board of directors. Mr. Galbato served on the boards of Blue Bird Corporation, the leading independent designer and manufacturer of school buses, from February 2015 to April 2023, KORE Group Holdings Inc., a pioneer in delivering IoT solutions and services, from September 2021 to February 2022, and AutoWeb, Inc., an automotive media and marketing services company, from January 2019 to May 2022. Im looking forward to helping drive the next phase of the companys growth., With a commitment to safety as its foremost value, BrandSafway provides the broadest range of solutions with the greatest depth of expertise to the industrial, commercial and infrastructure markets. Kennesaw, GA 30152, Spider Powered Suspended Access Solutions. , Klaff Realty LP, Lubert-Adler Partners LP, and Schottenstein Stores Corporation. Ms. Allen also served as a member of the Global Board of Directors, Chair of the Global Risk Committee and U.S. Representative of the Global Governance Committee of Deloitte during this time. You have permission to edit this article. Try a low commitment monthly plan today. The PDC CVR will have a two-year term. Safeway has begun discussions with the majority owners of Casa Ley regarding a potential sale of Safeway's interests. Safeway does not intend to disclose developments with respect to the solicitation process unless and until its Board has made a decision with respect to any potential superior proposal. P.O. Gary Steadman is a Store Director at Safeway based in Pleasanton, California. Submit Your Analyst Briefing Safeway Board of Director 1 Board of directors Working together will enable us to create cost savings that translate into price reductions for our customers. ATLANTA, April 28, 2023 - Delta Air Lines' (NYSE:DAL) board of directors today announced Vasant Prabhu as its newest member. GuideStar worked with BoardSource, the national leader Under the merger agreement, Safeway shareholders will receive $32.50 per share in cash. I am excited to join BrandSafway, a market leader with an outstanding team, a strong commitment to safety, and the broadest portfolio of services and products in the industry, said Fessenden. In addition, investors may obtain a free copy of Safeway's filings with the SEC from Safeway's website at http://www.Safeway.com or by directing a request to: Safeway Inc., 5918 Stoneridge Mall Road, Pleasanton, California 94588, Attention: Investor Relations. Through a network of 340 strategic locations across 30 countries and more than 38,000 employees, BrandSafway delivers a full range of forming, shoring, scaffolding, work access and industrial service solutions. He has also held various positions at First Boston Corporation, an investment bank acquired by Credit Suisse. Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Visit Salary.com to find out Safeway Electronics salary, Safeway Electronics pay rate, and more. 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. Ms. Allen has been a member of our Board since 2015. Accordingly, actual results may differ materially and adversely from those expressed in any forward-looking statements. Learn about the most recent outbreaks, contaminants, and regulations from leading subject matter experts. Click here to resend it.). If the deal is not closed within 12 months, Albertsons can extend the merger agreement by an additional three months under certain circumstances. Advisors 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. Vivek joined Albertsons Companies, Inc. in April 2019 and serves as the companys Chief Executive James L. Donald Co-chair. Markets never sleep, and neither does Bloomberg News. Mr. Wille is currently a Senior Managing Director and Head of Consumer and Retail Private Equity at Cerberus, which he joined in 2006. Gary Steadman's Phone Number and Email Last Update. Neither Safeway nor any other person can assume responsibility for the accuracy and completeness of forward-looking statements. PDC projects are concentrated in Safeway's urban and suburban markets, and are predominantly located in California and Hawaii. The Board can be contacted using one of the two methods below. Please click here to continue without javascript.. Tyson Foods and Hillshire Brands announce definitive merger agreement, Kroger and Albertsons solidify merger agreement. Mr. Wille has served as a director of NexTier Oilfield Solutions Inc., a provider of hydraulic fracturing, wireline technologies and drilling services, since March 2011. in nonprofit board leadership and governance, to create this section. For a 15-day period following the termination of the go-shop period, Safeway will be permitted to continue discussions and enter into or recommend a transaction with any person that submitted a qualifying proposal during the 21-day period. After submitting your request, you will receive an activation email to the requested email address. "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. WebSafeway. Participants in the Solicitation Mr. Wille has served as a member of our Board since 2020. The combined value for Safeway shareholders who receive both a distribution of Blackhawk shares and the aggregate cash and contingent consideration in the Merger, based on Safeway's current estimates of the value of the contingent consideration, would represent a premium of 72 percent over Safeway's closing share price of $23.27 on March 6, 2013, one year ago; 56 percent over Safeway's closing price of $25.62 on September 6, 2013, six months ago; and 17 percent over Safeway's closing share price of $34.10 on February 18, 2014, the day before Safeway announced it was in discussions regarding a potential sale of the company. Already have a GuideStar Account? PDC's portfolio consists of 25 properties with an estimated three million square feet, and is comprised of 11 operating assets, nine projects under construction, and five projects in the due diligence and entitlement phases. Safeway's current Chief Financial Officer is Randy N Anderson. Golf's Greatest Holes: Golfing legend Paul McGinley takes television presenter Chris Hollins on a tour of the best golf courses in Ireland and Northern Ireland. Greenhill & Co. has also served as financial advisor to Safeway. Distribution of Blackhawk Shares aka SAFEWAY FOUNDATION | Pleasanton, CA | www.safewayfoundation.org. We work hand in hand with local non-profit organizations to serve people in our neighborhoods where we operate. The estimated values for PDC and Casa Ley are based on analyses that Safeway has performed with the help of financial advisors, valuations from independent third parties and market information. "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. 4/30/2023 1:10 PM. For more information, please visit www.Albertsons.com. Ms. Allen served in various leadership roles at Deloitte Touche Tohmatsu Limited during her 40 years of service, including as U.S. Chairman of Deloitte from 2003 until her retirement in May 2011. One of the most feared players in the NFL, the soft-spoken Ndamukong Suh has amassed an impressive real estate portfolio and hopes to use property to close the wealth gap for people of color. Visit our updated. Delta Board of Directors Names Vasant Prabhu as Newest Member. Under the merger agreement, Safeway shareholders will receive $32.50 per share in cash. PLEASANTON, Calif. Safeway Inc. announced the appointment of Frank Herringer and Kenneth Oder to the companys board of directors, expanding the board Prabhu is the Vice Chair, Chief Financial Officer of Visa Inc. Safeway's shares of Blackhawk are contemplated to be distributed pro-rata to the shareholders, with a current value of $3.95 per Safeway share based on the closing price of Blackhawk's common stock of $25.06 per share on March 5, 2014 and a diluted share count at Safeway of approximately 235 million shares. Additionally, Mr. Wille served on the board of Tower International, Inc., a leading manufacturer of engineered automotive structural metal components and assemblies, from September 2010 to October 2021. 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. Visit Salary.com to find out Safeway Electronics salary, Safeway Electronics pay rate, and more. The diversified network of retail assets, associated distribution centers and manufacturing assets will allow for a broader assortment of products, a more efficient distribution and supply chain, enhanced fresh and perishable offerings, and expanded private label alternatives for customers. about GuideStar Pro. These applications are considered throughout the year for invites to our annual RFP in the fall of each year. AB Acquisition will assume the corporate tax on the distribution of Blackhawk shares to Safeway's shareholders. DELTA NEWS ON THE GO. We look forward to working with Bob Miller and the rest of the Albertsons team as we proceed together on a path towards becoming an even stronger organization.". Safeway has begun discussions with the majority owners of Casa Ley regarding a potential sale of Safeway's interests. He will retire from Visa on Sept. 30. Robert Edwards is the former President and Chief Executive Officer of AB Acquisition LLC, a North American food and drug retail company, a position he held from The merger agreement was unanimously approved by the Board of Directors of Safeway. There is no assurance that any payments will be made with respect to the sales of PDC and/or Casa Ley, including with respect to the CVRs after the closing of the Merger. He joined Transamerica in 1979 and held various positions before becoming CEO in 1991 and chairman in 1995. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. If the sales of PDC and/or Casa Ley are completed prior to the closing of the Merger, the net proceeds from these sales will be paid to shareholders at or before the closing of the Merger in a special dividend. Our stores provide the opportunity to mobilize funding and create awareness in our neighborhoods through our employees' passion, partnerships with our vendors, and generous contributions by our customers.
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