The chairman and CEO of US retailer Safeway Inc, Steve Burd, has announced his intention to retire.

Burd, who joined Safeway in 1992 as president, will step down at the company’s annual stockholders meeting on 14 May. The group said it will begin a search for a successor and will consider both internal and external candidates for the role.

Burd was appointed CEO of Safeway a year after joining the retail group. The chief executive said he now needs “more personal time” and wants to pursue his “extensive work in healthcare” further.

“I feel this is the right time to move forward with a transition plan,” he said. “The company is gaining market share with each passing quarter. We have developed the most sophisticated digital marketing platform in retail, we are implementing the most comprehensive and personalised fuel loyalty programme, and we will be rolling out a wellness initiative that has the potential to transform the company.”

Some of Burd’s key initiatives have included establishing a customer service programme, developing the Safeway ‘Lifestyle’ store format, and accelerating the group’s efforts in sustainability.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now