PLEASANTON, Calif., Feb. 4, 2013 /PRNewswire-FirstCall/ -- Safeway Inc. (NYSE: SWY) announced the appointment of Peter J. Bocian as its new Executive Vice President and Chief Financial Officer. Mr. Bocian, 58, will oversee the company's financial functions including accounting, tax, audit, treasury, investor relations, planning and business development. He will report directly to Robert Edwards, Safeway's President, and will assume his new responsibilities on February 19.
Mr. Bocian most recently served as Executive Vice President, Head of Corporate Services and Finance at JPMorgan Chase, the New York-based global financial services company. While at JPMorgan Chase, he had overall responsibility for Global Real Estate, Procurement, Technology and Real Estate Finance and General Services for the firm.
Prior to joining JPMorgan Chase, Mr. Bocian spent three years as Executive Vice President and Chief Administrative Officer at Palo Alto-based Hewlett-Packard. Before his tenure with HP, he spent over a year as CFO and Chief Administrative Officer at Seattle-based Starbucks. Earlier Mr. Bocian had a long and successful 24 years with Ohio-based NCR Corporation, where he held positions of increasing responsibility across Finance, working in the Retail, Teradata and Federal System groups. At NCR, he last served, for three years, as Senior Vice President and Chief Financial Officer.
"We are pleased to have attracted someone with Pete's demonstrated business leadership skills and deep financial credentials to our senior executive team," said Mr. Edwards. "His proven ability to effectively manage a broad cross section of complex finance and administrative functions, as well as his extensive experience with retail-focused companies will be of considerable added value to our business."Mr. Bocian holds a Masters in Business Administration in Accounting and Bachelor of Arts in Russian from Michigan State University, and served in the U.S. Navy. ABOUT SAFEWAY www.Safeway.com Safeway Inc. is a Fortune 100 company and one of the largest food and drug retailers in North America, based on sales. The company operates 1,644 stores in the United States and western Canada and had annual sales of $43.6 billion in 2011. The company's common stock is traded on the New York Stock Exchange under the symbol SWY. CONTACTS Media: Brian Dowling, 925-467-3787, Brian.Dowling@Safeway.com Investors: Christiane Pelz, 925-467-3832, Christiane.Pelz@Safeway.com SOURCE Safeway Inc.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV