Burd Plans to Retire From Safeway

“While I still have the high level of energy and enthusiasm I brought to the company 20 years ago, I need more personal time and, given my extensive work in health care, I want to pursue that interest further.” — Steve Burd

PLEASANTON, Calif. — Analysts said Safeway here “has some big shoes to fill” in the wake of last week’s announcement that longtime Chairman and Chief Executive Officer Steve Burd plans to retire in May.

“Burd’s departure is, potentially, a significant loss for the company,” said John Heinbockel, an analyst at Guggenheim Securities, New Yor

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