WebCasey's General Stores, Inc. ATTN: Darren Rebelez, President and Chief Executive Officer. 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. 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. They are part of Read More Cameron Thistle's Phone Number and Email Last Update 4/30/2023 6:28 AM Email c***@safeway.ca Engage via Email Contact Number (***) ***-**** Engage via Phone Petco elected Safeways SVP and CIO David Ching to its board of directors. No store closures are expected as a result of this transaction. Delta Board of Directors Names Vasant Prabhu as Newest Member. Todays BrandSafway is At Work For You leveraging innovation and economies of scale to increase safety and productivity, while remaining nimble and responsive. From 2012 to 2014, Ms. West served as Executive Vice President & Chief Category and Marketing Officer of Mondelez International, Inc., the snack foods division spun off from Kraft Foods, Inc. in 2012. We are confident that Karl and Christian, along with our deeply committed management team and the best employees in the industry, are well positioned to drive BrandSafways continued leadership in the sector.. 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. In connection with the completion of the Merger, it is expected that Safeway's distribution of Blackhawk shares will be taxable to Safeway and Safeway's shareholders. Mr. Galbato is the Chief Executive Officer of Cerberus Operations and Advisory Company, LLC. Bob Miller, Albertsons current Chief Executive Officer, will become Executive Chairman. Prior to that, Mr. Donald served as our President and Chief Executive Officer from September 2018 to April 2019 and before then as our President and Chief Operating Officer from March 2018 to September 2018. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. ALBERTSONS COMPANIES FOUNDATION - GuideStar Contact. No, it never stops, Kroger, Albertsons may need to divest even more stores, Thoughts on the Kroger, Albertsons merger (Part 3). Ms. West has served on the boards of Hasbro, Inc. a global play and entertainment company, since June 2016 and Lowes Inc., a home improvement retailer, since April 2021. 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. Herringer is the chairman and former chief executive officer of Transamerica Corp., a financial services company. Mr. Prabhu is the Vice Chair, Chief Financial Officer of Visa Inc. Formed in 2008, PDC is a wholly owned subsidiary of Safeway Inc., engaged in retail shopping center development and capitalizing on Safeway's core real estate competency. Renda spent more Mr. Turner was a member of the board of Nordstrom, Inc., from 2010 to May 2020. 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. Safeway The people, governance practices, and partners that make the organization tick. 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. Sign in or create an account to view Form(s) 990 for 2020, 2019 and 2018. Investors will be able to obtain a free copy of documents filed with the SEC at the SEC's website at http://www.sec.gov. 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 He has also held various positions at First Boston Corporation, an investment bank acquired by Credit Suisse. 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. Visit our updated. AB Acquisition will assume the corporate tax on the distribution of Blackhawk shares to Safeway's shareholders. 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.". Board of Directors Mr. Turner served as President and Chief Executive Officer of Core Scientific, an emerging leader in blockchain and artificial intelligence infrastructure, hosting, transaction processing and application development, from July 2018 to May 2021. Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? The company is privately owned by Cerberus Capital Management, Kimco Realty Corporation, Klaff Realty, Lubert-Adler Partners, and Schottenstein Stores Corporation. BrandSafway board of directors appoints new leadership For more information, please visit www.Albertsons.com. Definitive Proxy Statement Safeway Robert Edwards and his team have done an outstanding job in positioning Safeway's core business for success, by investing in its stores and creating innovative strategic marketing programs that contribute to shareholder value. about GuideStar Pro. Ching, 52, has been with Safeway since 1994. Board of Directors 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." 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. 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. They are part of Information Technology Department and For more information, please visit www.Albertsons.com. Learn about the organization's key goals, strategies, capabilities, and progress. 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. in nonprofit board leadership and governance, to create this section. about GuideStar Pro. 4/30/2023 6:28 AM. Schulte Roth & Zabel LLP served as lead outside legal counsel to Albertsons, Cerberus and the investor group, and Dechert LLP, Schulte Roth & Zabel LLP and Baker Botts LLP served as outside legal counsel on antitrust matters. WinCo Foods tabs Grant Haag as Design, CMS, Hosting & Web Development :: ePublishing, This website requires certain cookies to work and uses other cookies to help you have the best experience. general merchandise retailer Casa Ley, S.A. de C.V. ("Casa Ley"). It also brings together two great organizations with talented management teams. Safeway has begun discussions with the majority owners of Casa Ley regarding a potential sale of Safeway's interests. Safeway's existing indebtedness is contemplated to be repaid at closing, other than capital leases and the company's 5.00% Senior Notes due 2019, 3.95% Notes due 2020, 4.75% Senior Notes due 2021, 7.45% Debentures due 2027 and 7.25% Debentures due 2031. Bob Miller, Albertsons current Chief Executive Officer, will become Executive Chairman. Previously, Gary was a Director, Online Business Education at Portla nd State University and also held positions at InsideTrack, InsideTrack, Safeway. Prior to joining Cerberus in 2009, Mr. Galbato served as President and CEO of the Controls Division of Invensys plc, a multinational engineering and information technology company, and President of Professional Distribution and Services at The Home Depot, the largest home improvement retailer in the United States. Safeway will soon be initiating a process to sell PDC. Markets never sleep, and neither does Bloomberg News. PDC projects are concentrated in Safeway's urban and suburban markets, and are predominantly located in California and Hawaii. 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) He has been Chief Financial Officer since 2015 and was elected Vice Chair in 2019. 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 Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. , Klaff Realty LP, Lubert-Adler Partners LP, and Schottenstein Stores Corporation. AB Acquisition is the owner of Albertson's LLC and New Albertson's, Inc. (collectively "Albertsons") and is controlled by a Cerberus Capital Management, L.P. ("Cerberus")-led investor group, which also includes Kimco Realty Corporation (NYSE:KIM), Klaff Realty LP, Lubert-Adler Partners LP, and Schottenstein Stores Corporation. Safeway is part of the Grocery Retail industry, and located in California, United States. Try a low commitment monthly plan today. As one of the largest grocery retailers in North America, we find that supporting hunger relief programs is a natural fit for us. 2023 Benzinga.com. An RFP is released on an annual basis by invitation only. 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. 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. and expansion plans with unmatched service from expert local labor and management. Greenhill & Co. has also served as financial advisor to Safeway. Mr. Gibson has been a member of our Board since 2018. He joined the Board of Directors on September 7, The Blackhawk distribution is not dependent upon the completion of the Acquisition, and is being undertaken for independent business reasons. 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. One SE Convenience Boulevard. 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. Already have a GuideStar Account? You can sign up for additional alert options at any time. More news: News in other languages on SAFEWAY INC. 2015: Safeway is part of the Grocery Retail industry, and located in California, United States. About Cerberus Capital Management, L.P. Citigroup, lead financial advisor, Bank of America Merrill Lynch and Credit Suisse served as financial advisors to Albertsons, Cerberus and the investor group. It also brings together two great organizations with talented management teams. We're proud to be one of the largest contributors to food banks and feeding programs in the neighborhoods we serve. Acquisition Funding View all management team This profile has not been claimed. Bob Miller, Albertsons current Chief Executive Officer, will become Executive Chairman. "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. Under certain circumstances, if the Merger fails to close, AB Acquisition would be required to pay Safeway $400 million. Safeway - Contacts, Employees, Board Members, Advisors AB Acquisition is the owner of Albertson's LLC and New Albertson's Inc. and is controlled by a Cerberus WebSafeway: 1-800-SAFEWAY. Four powerful questions that require reflection about what really matters - results. During the extended time, Safeway would not be permitted to pay a dividend to its shareholders but shareholders would receive additional cash consideration equal to 6% per annum on the $32.50 per share cash price for the number of days that pass during the three month extension until closing. Prior to Weatherford, Garcia served as automotive supplier Visteons CFO and as Halliburtons acting CFO. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. WebDirector - Chris Arlaud Director - Thom Brown Director - Tom Freeland Director - Cathy Kloos Director - Jeff Mason Director - Nicole Neumann Director - Debbie Portwood Director - Susan Probst Director - Cathleen Cox Stugard Director - Carla Thuney Director - Lisa Umali Advisor - Dian Emerson Advisor - Carolyn Wimberly 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. Safeway has begun discussions with the majority owners of Casa Ley regarding a potential sale of Safeway's interests. The initial go-shop period is 21 days. 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. The actual net after-tax proceeds received upon a sale could vary substantially from these estimates. Safeway Board Members Name & TitleBio Robert Miller CEO Doug MacKenzie Board Member Gary Rogers Board Member George Charters Board 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. A successful competing bidder who makes a superior proposal during the go-shop period would bear a $150 million termination fee. AB Acquisition will assume the corporate tax on the distribution of Blackhawk shares to Safeway's shareholders. Safeway, Albertson's announce merger agreement, Tucson's west-side resort, Starr Pass, sold for $110 million, Cocktails on a train car and boutique bowling coming to Tucson, Pac-12 mailbag: Is an Arizona departure worst-case scenario for Pac-12? Realizing substantial cost savings will allow for investments that are expected to benefit customers, including price reductions as well as store remodels and refurbishments. WebBurd was President of Safeway from October 26, 1992, until May 14, 2013, and CEO from April 30, 1993, until May 14, 2013. Distribution of Blackhawk Shares George Charters Board Member Jun 1, 1998. Transamerica was acquired by Aegon in 1999. Latham & Watkins LLP served as Safeway's outside legal counsel. The FNIH could not have launched I-SPY 2 without the generous contributions from The Safeway Foundation, said Dr. Scott Campbell, Former Executive Director and CEO of the FNIH. Director Register now. The merger agreement was unanimously approved by the Board of Directors of Safeway. Sharon L. Allen Director. 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.
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