Safeway names CEO

Pleasanton, Calif. -- Safeway announced that Robert Edwards, currently the company's president, will succeed Steven Burd as CEO when Burd retires as chairman and CEO on May 14. Edwards, 57, will also join the company's board of directors.

"Since he arrived here in 2004, Robert has successfully met every challenge he has faced," Burd said. "He has demonstrated the ability to lead the company in all facets of its operations, and has earned the respect of the entire organization."

Edwards joined Safeway as executive VP 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. He continued as CFO until Peter Bocian succeeded him in that role in February 2013.

Prior to joining Safeway, Edwards served as a senior executive at Maxtor Corporation, Imation Corporation and Santa Fe Pacific Corporation.