H-NORTHERN CALIFORNIA

Jan 3, 2013 7:47 AM by Associated Press

Safeway's longtime CEO to retire in May

PLEASANTON, Calif. (AP) - Safeway's CEO Steve Burd will retire in May after more than 20 years with the grocer.

The chain, which has stores across the country, says it will search for a successor both internally and externally.

Burd says he wants to spend more time with one of his signature pursuits at Safeway: health care. Safeway raised more than $2 billion for charities, including more than $200 million for cancer research under Burd's leadership, according to the company.

He is giving up his chairman position as well in May, during the annual stockholders meeting.

Burd started at Safeway as president in October 1992 and became its CEO months later.

Safeway, based in Pleasanton, Calif., runs 1,644 grocery stores in the U.S. and western Canada.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

»Comments

PLEASE HELP US MODERATE COMMENTS

Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at feedback@ksby.com, and include the name of the story and information on the comment.

Thank you! KSBY.com


More News

Most Popular

Top Videos

1 2 3 4