US supermarket operator Safeway has announced that Vasant Prabhu, the company’s executive vice president and chief financial officer, will be leaving to become CFO at Starwood Hotels and Resorts.
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Safeway said Prabhu will remain with the retailer until the end of the year to assist in the transition. A search is underway for his replacement.
Safeway, which operates over 1,700 stores in the US and Canada, had annual sales of US$32.4bn from continuing operations in 2002. The company is one of the retailers at the centre of the ongoing grocery workers’ strikes in southern California.
