October 22, 2014 5:48 AM ET

Food and Staples Retailing

Company Overview of Albertsons, LLC

Company Overview

Albertsons, LLC owns and operates a chain of grocery stores. The company offers bathroom foaming cleaners, cakes, pods, baked snack crackers, honey grahams and cheese, recipes, healthy tags, beef products, seafood, seasonal products, ready-made fresh cuts, floral items, and customer favorites, as well as meat and cheese platters, snack, and appetizer trays; and wedding, birthday, everyday cakes, and cupcakes. It also operates a pharmacy that assists customers with adult immunization programs, diabetes care, health screenings, wellness guides, medication indexes, health conditions, and pet medications; provides savings on prescriptions for individuals and families; and offers worker’s compens...

250 East Parkcenter

Boise, ID 83706

United States

Founded in 2006

Phone:

208-395-6200

Fax:

208-395-6349

Key Executives for Albertsons, LLC

Chief Executive Officer
Age: 70
Chief Financial Officer
Age: 62
Chief Operating Officer
Age: 65
President of Southwest Division
President of Southern California Division
Compensation as of Fiscal Year 2014.

Albertsons, LLC Key Developments

Safeway Inc and AB Acquisition LLC Announces Executive Changes

Safeway Inc. and AB Acquisition LLC (Albertsons) announced the new senior leadership team and division leaders for the combined company that will take effect upon the closing of the proposed merger transaction, which is pending customary regulatory approvals. According to the companies, after regulatory approval and closing of the transaction, the new company's leadership team will consist of Bob Gordon, executive vice president & general counsel; Shane Sampson, executive vice president, Marketing & Merchandising; Andy Scoggin, executive vice president, Human Resources, Labour Relations, Public Affairs & Government Affairs; Jerry Tidwell, executive vice president, Supply Chain & Manufacturing; Lee Wilson, executive vice president & chief administrative officer; Bob Dimond, executive vice president & chief financial officer, reporting to Wilson; Justin Ewing, executive vice president, Corporate Development & Real Estate, reporting to Wilson; Barry Libenson, interim executive vice president & chief information officer, reporting to Wilson; Wayne Denningham, executive vice president & chief operating officer, South Region; Justin Dye, executive vice president & chief operating Officer, East Region; and Kelly Griffith, executive vice president & chief operating officer, North Region. The division presidents for the new company, who will report to the chief operating officer for their respective regions, will be Dennis Bassler, Portland Division, North Region; Paul McTavish, Denver Division, North Region; Susan Morris, Intermountain Division, North Region; Tom Schwilke, Northern California Division, North Region; Dan Valenzuela, Seattle Division, North Region; Shane Dorcheus, Southwest Division, South Region; Scott Hayes, Southern Division, South Region; Sidney Hopper, Houston Division, South Region; Lori Raya, Southern California Division, South Region Robert Taylor, United Division, South Region; Steve Burnham, Eastern Division, East Region; Jim Perkins, Acme Division, East Region; Jim Rice, Shaw's Division, East Region; and Mike Withers, Jewel-Osco Division, East Region.

Marley Coffee Expands Distribution with Albertsons

Marley Coffee announced that Albertsons is carrying three Marley Coffee products in Texas, Louisiana and Arkansas stores. Albertsons began carrying seven Marley Coffee products in their Intermountain Division stores in February 2014.

Robbins Arroyo LLP Announces Class Action Lawsuit Against Safeway Inc., Albertsons, LLC, Saturn Acquisition Merger Sub Inc. and Cerberus Capital Management L.P

Shareholder rights attorneys at Robbins Arroyo LLP announced that the firm filed a class action lawsuit on May 15, 2014, in the U.S. District Court, Northern District of California, Oakland Division on behalf of the shareholders of Safeway Inc. against Safeway, its Board of Directors, Albertson's LLC, Saturn Acquisition Merger Sub Inc. and Cerberus Capital Management L.P., for, among other things, violations of sections 14(a) and 20(a) of the U.S. Securities and Exchange Act of 1934 and U.S. Securities and Exchange Commission Rule 14a-9 promulgated thereunder. The complaint arises out of a March 6, 2014 press release announcing that Safeway had entered into a definitive merger agreement with Albertson's, pursuant to which Safeway shareholders would receive, for each Safeway share they own, $32.50 in cash and the right to receive pro-rata distributions of net proceeds from primarily non-core assets, estimated to be worth $3.65 per share. The complaint seeks injunctive relief on behalf of the named plaintiff and all other similarly situated shareholders of Safeway as of March 6, 2014. The named plaintiff is represented by Robbins Arroyo LLP. The named plaintiff alleges that certain of the defendants, in connection with the Proposed Transaction, breached or aided and abetted the other defendants' breaches of their duties and obligations owed to Safeway shareholders. The complaint further alleges that, in an attempt to secure shareholder approval of the Proposed Transaction, the defendants filed a materially false and misleading preliminary proxy statement on Schedule 14A with the U.S. Securities and Exchange Commission in violation of the Exchange Act and their duties of candor and full disclosure. The omitted and/or misrepresented information is believed to be material to Safeway shareholders' ability to make an informed decision whether to approve the Proposed Transaction.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 6, 2014
Safeway Inc.
Merger/Acquisition
December 17, 2013
Albertsons, LLC , Stores in Amarillo and Wichita Falls
 

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