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Safeway has announced that Robert L. Edwards, Safeway's president, will replace Steven A. Burd as CEO.
Burd is set to retire as Chairman and Chief Executive Officer on May 14,. Edwards will join the company's Board of Directors. T. Gary Rogers, currently the lead independent director, will become non-executive chairman.
Edwards, 57, joined Safeway as EVP and CFO in 2004. In April 2012, he was named president, with overall responsibility for the company's retail operations, marketing, merchandising, corporate brands, manufacturing, distribution and finance functions.
Before joining Safeway, Edwards served as a senior executive at Maxtor Corporation, Imation Corporation and Santa Fe Pacific Corporation. He serves as a director on KKR Financial Holdings, LLC and on Blackhawk Network Holdings, Inc., a subsidiary of Safeway Inc. Mr. Edwards holds a Masters in Business Administration and a Bachelor of Sciences in Accounting from Brigham Young University.
"Since he arrived here in 2004, Robert has successfully met every challenge he has faced," said Burd in a news release. "He has demonstrated the ability to lead the company in all facets of its operations, and has earned the respect of the entire organization."
Rogers has been a member of the company's Board of Directors since March 2011. He is the former chairman and CEO of Dreyer's Grand Ice Cream, Inc., where he led the development of the nation's largest ice cream company from 1977 to 2007.