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TheStreet Open House

Safeway Appoints Chief Information Officer

PLEASANTON, Calif., May 31, 2013 /PRNewswire-FirstCall/ -- Safeway Inc. (NYSE: SWY) announced today that Barry Libenson has joined the company as Senior Vice President and Chief Information Officer (CIO). He succeeds David Ching, who retired from the role earlier this year after 19 years with the company. As CIO, Mr. Libenson will oversee Safeway's extensive information technology business functions, and he will report directly to Safeway Executive Vice President Larree Renda. He will assume his responsibilities on July 1, 2013.

Mr. Libenson comes to Safeway from Land O' Lakes, Inc., where he served since 2010 as Senior Vice President, Chief Information Officer. During his tenure with Land O' Lakes, Mr. Libenson and his team transformed the technology group to ensure that IT was fully aligned and executing against that company's long-term strategic direction. Prior to that, he was Vice President and Chief Information Officer at Ingersoll Rand, Co. Ltd., with responsibility for defining and implementing that company's global electronic and internet business strategies.  Mr. Libenson joined Ingersoll- Rand as Vice President of e-Business in 2001.  Prior to his tenure at Ingersoll- Rand, he served as an Executive Vice President at Surety.com, a data-integrity services company, and Chief Executive Officer for Visix Software, a software publisher. He also held management positions with Phoenix Technologies and Oracle Corporation.

"We are pleased to have someone with Barry's credentials join our executive team as we look to further ensure our IT organization is aligned with our key business strategies," said Ms. Renda. "His track record managing a complex set of technology functions across a diverse group of companies will be of significant value to the organization."

Mr. Libenson holds a Masters in Business Administration from Duke University and a Bachelor Degree in Computer Science from Colgate University. He has served on the University of North Carolina's Graduate School of Computer Science IT Advisory Panel as well as Blumberg Capital's CIO Council. Mr. Libenson also serves as Director of Tavant Technologies, a software firm with offices in California and Bangalore, India.    

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 1,638 stores in the United States and western Canada and had annual sales of $44.2 billion in 2012. The company's common stock is traded on the New York Stock Exchange under the symbol SWY.

CONTACTSMedia:       Brian Dowling, Brian.Dowling@Safeway.com, 925-467-3787Investors:   Christiane Pelz, Christiane.Pelz@Safeway.com, 925-467-3832

SOURCE Safeway Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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