Safeway’s longtime CEO and Chairman Steve Burd is set to retire this year.
Burd has held the position for 20 years and will be stepping down May 14 at the chain’s annual meeting. He will also retire as a company director. He had surrendered the post of president in 2012.
The supermarket has said that its board will start the search for a successor and will take into consideration both external and internal prospects. The supermarket also said that Burd would join in the search and will continue to help the chain even after leaving. In a release, Burd said that he felt that it was just the time to continue with transition plans. He added that the company had developed a sophisticated digital platform for marketing and had implemented a fuel loyalty scheme. The chain also has plans to start a wellness program.
Burd said that he needed to pursue his interest in healthcare further.
Burd’s Achievements
According to Safeway, some of the achievements include:
- Blackhawk – a payment network that is prepaid and has become a large world distributor of gift cards.
- Developing the chain stores “Lifestyle” format
- Establishing capital discipline and a thrift culture
He also led charity efforts for Safeway and made it recognized as a leader for its innovative wellness and insurance programs.
The company has lauded his innovativeness and called him a truly iconic leader who will be hard to replace. The company hopes that his input will continue even as he moves on in his career.
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