Bob Miller Assumes Role of Chairman & CEO of Albertsons, NAI & Safeway

BOISE, Idaho, April 10, 2015 /PRNewswire/ -- AB Acquisition LLC, parent company of Albertson's LLC, New Albertson's, Inc., and Safeway Inc. (collectively Albertsons) announced today that Bob Miller, the Company's current Executive Chairman, will assume the additional role of Chief Executive Officer, effective immediately. Robert Edwards, who had been appointed CEO at the transaction close, will continue on with the company as Vice Chairman providing counsel to the Board and the organization on key strategic and integration matters.

"As CEO of Safeway, Robert made tough decisions that led to significant improvements in Safeway's shareholder value and positioning the company for the future," said Miller. "The last year has been a time of great change for our companies, and we appreciate Robert's leadership during this critical time."

Said Edwards, "It's been a privilege to work with Bob and our teams as we've brought these companies together, and I'm extremely proud of the work we've completed and the foundation we've created for the future. We've made significant strides in the time since the merger has closed, and I feel comfortable turning my focus to other matters that will be of the best benefit to the company."

Albertsons also announced the restructuring of their executive leadership team, introducing the Office of the CEO to support the day-to-day operations of the company's 14 divisions and 2,200 stores. In addition to Miller, the Office of the CEO will be comprised of Wayne Denningham, Chief Operating Officer for all of the company's regions; Justin Dye, Chief Administrative Officer; and Shane Sampson, Chief Marketing & Merchandising Officer. Jim Perkins and Kelly Griffith will continue to serve as Executive Vice Presidents of Operations for the company's regions and will now report to Denningham.

Denningham began his career with Albertson's, Inc. in 1977 as a courtesy clerk and worked his way up in the organization, ultimately serving as President of the Dallas-Fort Worth division, and joined Albertson's LLC in 2006. He led the Rocky Mountain and Florida divisions before being named President of the company's Southern division in 2010. Denningham was named President of the Southern California division in March 2013 and assumed his current role overseeing operations for the South Region at the Safeway transaction close in January 2015.

Dye joined Albertson's LLC in 2006, playing an integral role in the acquisition and formation of the Company and assuming the role of Chief Strategy Officer. In 2013, he was named Chief Operating Officer of New Albertson's, Inc., and assumed responsibility for leading the turnaround of the company's Pharmacy business across all banners, ACME Markets, Jewel-Osco and Shaw's/Star Market chains. In February 2015, he was appointed Chief Administrative Officer with responsibility for Information Technology, Supply Chain, Corporate Development, Real Estate, and Integration Management.

Sampson built his career with Albertson's Inc., working his way up through the company's ranks, culminating in serving as President of both the Florida & Intermountain Divisions.  He left the company in 2002, and spent several years with Sam's Club. He returned to Albertson's LLC's Southern division at its inception and served as VP of Merchandising & Marketing when he left to accept the role of Senior Vice President of Sales and Operations at Ahold's Giant of Landover banner. In 2013, Shane rejoined the Albertsons team when he was tapped for President of Shaw's and Star Market, and in 2014, he moved to Chicago upon being named President of Jewel-Osco. In January 2015, Sampson was appointed Executive Vice President of Marketing & Merchandising.

About AB Acquisition LLC

AB Acquisition LLC, the parent company of Albertson's LLC, New Albertson's, Inc., and Safeway Inc., is one of the world's largest food and drug retailers, with more than 2,200 stores in 34 states and the District of Columbia under 18 banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United, Pavilions, Star Market, Market Street, Amigos, Carrs. The company is privately owned by a consortium led by Cerberus Capital Management.

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