PLEASANTON (dpa-AFX) - Safeway Inc. (SWY) announced that Steve Burd, its Chairman and Chief Executive Officer, will retire as CEO and as a director at the company's annual stockholders meeting on May 14, 2013.
The company said its Board will begin a search for a successor, and will consider both internal and external candidates for the job. The company noted that Burd will help with the search and will continue to assist the company after he transitions out of his leadership posts.
Burd joined Safeway in October 1992 as President and was appointed CEO in May of the following year.
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