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Safeway announced yesterday that when Steve Burd steps down as CEO on May 14, he will be succeeded by the company's president, Robert L. Edwards.

Burd had announced his retirement in January, but while Edwards was seen by many as the likely heir, it took the company four months to confirm his ascendance.

Edwards joined Safeway in 2004 as EVP/CFO, and became president about a year ago.
KC's View:
I never quite understood why what now looks to be a normal succession plan wasn't detailed when Burd's retirement was first announced. And the only negative I hear is the suggestion from some quarters that Edwards is more money guy than merchant, and Safeway needs a merchant at the helm.

But today is a day to congratulate Edwards and wish him the best of luck.