Feb 4 Safeway Inc, the second-largest
U.S. supermarket chain, said Peter Bocian will replace Robert
Edwards as its chief financial officer, effective Feb. 19.
The company in April promoted Edwards, who had been the CFO
since 2004, to the post of president and said he would continue
in the finance chief's role until his successor is named.
Bocian joins Safeway from JP Morgan Chase & Co,
where he was executive vice-president and head of corporate
services and finance.
Bocian, who also served in the U.S. Navy, has worked at
Hewlett-Packard Co as chief administrative officer and
at Starbucks Corp as CFO.
Safeway, which is struggling with volume declines, said last
month that its long-time chairman and chief executive, Steve
Burd, will retire in May.
The company, the operator of supermarkets such as Safeway,
Vons and Dominick's, has been facing stiff competition at a time
when it is making attempts such as launching a shopper loyalty
program to attract customers to reverse volume declines due to a
tepid economic recovery.
Shares of the company closed at $19.23 on the New York Stock
Exchange on Monday.