Safeway Appoints New CEO

Safeway now has a new person occupying its chief executive's desk. The company has named Robert Edwards as its CEO, succeeding the retiring Steven Burd. Edwards, currently the president of the supermarket chain, will take up the position when Burd enters retirement on May 14.

Edwards has been with Safeway since 2004, when he was hired as chief financial officer and executive vice president. He was named president in 2012 and stepped down from the CEO post this past February. Prior to his time at the company, he filled a number of senior executive positions at Maxtor -- now a division of Seagate -- Imation, and Santa Fe Pacific.

Edwards will also serve on Safeway's board of directors.

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