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. Safeway Location 1555 Dublin Canyon Rd, Pleasanton, California, 94588, United States Description Industry Grocery Retail Retail Discover more about Safeway The Board can be contacted using one of the two methods below. You can sign up for additional alert options at any time. and who do the programs serve? Safeway Safeway owns 49% of Casa Ley, the fifth largest food and general merchandise retailer in Mexico based on sales. Board of Directors Register now. Safeway CEO, Founder, Key Executive Team, Board of Mr. Fennebresque has served on the board of Ally Financial Inc., a financial services company, since May 2009, and BlueLinx Holdings Inc., a distributor of building products, since May 2013, including as Chairperson of BlueLinx since May 2016. The sale of the assets of real-estate development subsidiary Property, Development Centers, LLC ("PDC") comprised of its shopping center, portfolio including certain related Safeway stores, and, 2. 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. Larree Renda | Board Member | Ross Stores, Inc. This number represents the median, which is the midpoint of the ranges from our proprietary The proceeds are from: Safeway The merger agreement was unanimously approved by the Board of Directors of Safeway. Working together will enable us to create cost savings that translate into price reductions for our customers. There can be no assurance that this process will result in a superior proposal. By visiting this website, certain cookies have already been set, which you may delete and block. 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. Realizing substantial cost savings will allow for investments that are expected to benefit customers, including price reductions as well as store remodels and refurbishments. Kenneth Oder Board Member. The PDC CVR will have a two-year term. 5 things: Dollar stores are trading inflation for loyalty, Data security breach may have exposed Albertsons employee info, Trader Joes workers vote yes to a union in California, 5 things top news: Kroger hit with another lawsuit, 2023 Informa USA, Inc., All rights reserved, Snack idea might help lethargic seafood sales, Theres a sense for something good at IDBBA 2023. PLEASANTON, Calif. Safeway Inc. announced the appointment of Frank Herringer and Kenneth Oder to the companys board of directors, expanding the board from nine to 11 members. 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. Acquisition Funding There can be no assurances that Safeway will be able to sell either or both of PDC or Casa Ley. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. He spent 14 years with General Electric, during which time he served in several operating and finance leadership positions within various industrial divisions and as President and CEO of Coregis, a GE Capital company. He has been Chief Financial officer since 2015 and was Please check your inbox in order to proceed. Additional Information and Where to Find It 11555 Dublin Canyon Rd The Albertsons Companies Foundation, Email contact available with a Pro subscription. 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 Seafood prices up a tick; sales remain solid, Podcast: Mission complete? AB Acquisition will assume the corporate tax on the distribution of Blackhawk shares to Safeway's shareholders. DELTA NEWS ON THE GO. 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. Ms. Allen has been a member of our Board since 2015. SAFEWAY WebMember of the Board of Directors, Caseys General Stores, Inc. since 2014 (also member of the Compensation (Chair) Committee; Member of the Board of Directors, International and Albertsons announced today a definitive agreement under which AB Acquisition LLC ("AB Acquisition") will acquire all outstanding shares of Safeway (the "Merger"). WebThis Proxy Statement is furnished to our stockholders on behalf of the Board of Directors of Safeway Inc., a Delaware corporation (Safeway or the Company), in connection with B. Kevin Turner - Wikipedia 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.". WebBoard of Directors. Safeway 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. WebSafeway has 7 board members and advisors, including Jack Sinclair. ATLANTA, April 28, 2023 - Delta Air Lines' (NYSE:DAL) board of directors today announced Vasant Prabhu as its newest member. 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. Learn about the organization's key goals, strategies, capabilities, and progress. Neither Safeway nor any other person can assume responsibility for the accuracy and completeness of forward-looking statements. Get up-to-the-minute news sent straight to your device. An RFP is released on an annual basis by invitation only. If the PDC sale and/or Casa Ley sales are not completed by the closing of the Merger, Safeway shareholders will receive a non-transferable contingent value right (a "CVR"), which will provide shareholders with their pro-rata share of the net proceeds from the PDC and/or Casa Ley sales, as applicable, subject to the terms and conditions of the CVRs. BrandSafway has a strong financial position with significant liquidity, allowing it to pursue the significant organic and inorganic growth opportunities available in its markets, said Garcia. Casa Ley is a private company, and does not publicly disclose financials. Steve Thomas works as a General Manager and Vice President of Information Technology at Safeway Philtech, which is a Custom Software & IT Services company with an estimated 115 employees. Accordingly, actual results may differ materially and adversely from those expressed in any forward-looking statements. and expansion plans with unmatched service from expert local labor and management. On a national basis, we fund only organizations working in the area of Hunger through our Nourishing Neighbors Campaign. The Merger is expected to close in the fourth quarter of 2014 following the satisfaction of customary closing conditions, including approval of the Merger by the holders of a majority of the outstanding shares of Safeway common stock and regulatory approvals including expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Mr. Dreiling has served as a director and Executive Chairman of Dollar Tree, Inc., a leading operator of discount variety stores, since March 2022 and was appointed Chief Executive Officer in January 2023. Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?