Safeway’s Steve Frisby to lead Seattle division
PLEASANTON, Calif. — Safeway announced Monday a management change in the retailer’s Seattle division.
The company said Steve Frisby, will assume added responsibility of the division after the exit of the current president, Greg Sparks. Frisby, who joined Safeway in 1972, currently serves as the president of its Portland, Ore., division.
"Taking on this dual role is well suited to Steve’s extensive knowledge of our Northwest markets and his considerable leadership skills," said Safeway chairman, president and CEO Steve Burd. "His demonstrated ability to get results across a variety of competitive environments will serve Safeway’s interest well in the region."
Bi-Lo, Winn-Dixie announce completion of merger
JACKSONVILLE, Fla. — Bi-Lo has announced that it has successfully completed its merger with Winn-Dixie Stores. The two banners now will be subsidiaries of privately held parent company Bi-Lo Holding. Bi-Lo and Winn-Dixie will continue to operate under the same banners, and the company does not expect any store closures as a result of the merger.
All Winn-Dixie stockholders will be eligible to receive $9.50 per share in cash for each share of common stock held, for a total purchase price of $560 million.
“With the merger of Bi-Lo and Winn-Dixie now complete, we can begin delivering on this exciting combination for the benefit of our customers, team members and communities,” said Randall Onstead, CEO and president of Bi-Lo Holding. “Together, we are a stronger company that will be focused on meeting and exceeding our customers’ expectations by offering even greater value with the service and shopping experience that they have come to expect.”
The company eventually will be headquartered in Jacksonville, which is centrally located within its eight-state operating area.
On Dec. 19, 2011, Bi-Lo and Winn-Dixie announced that the companies had entered into a definitive agreement under which Bi-Lo would acquire all of the outstanding shares of Winn-Dixie stock at a price of $9.50 per share. As a result of the completion of the merger, Winn-Dixie’s common stock has been delisted from NASDAQ.
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Former Sam’s CEO Cornell lands at PepsiCo
PURCHASE, N.Y. — Less than two months after resigning as president and CEO of Sam’s Club, Brian Cornell has landed at Purchase, N.Y.-based PepsiCo where he will serve as CEO of the company’s North American food division reporting to chairman and CEO Indra Nooyi.
Cornell will be responsible for Frito-Lay North America, Quaker Foods & Snacks North America, PepsiCo Mexico, South America Foods, PepsiCo customer teams and all of PepsiCo’s Power of One activities within the Americas.
Cornell fills a position vacated by John Compton who was named to a new position as president of PepsiCo as part of a move to become a more fully integrated, global food and beverage company.
“John and Brian are superb executives and will both contribute enormously in their new roles to ensure that we compete effectively and efficiently in the global marketplace,” Nooyi said.
“I could not be happier about my decision to return to PepsiCo and to join Indra’s management team,” Cornell said. “The passion PepsiCo’s people have for the brands and the company is truly special. I look forward to leveraging my retail operating experience to meet the future needs of PepsiCo’s consumers, customers and shareholders. I’m also pleased to be coming back to Purchase, my family and friends in the northeast and a portfolio of brands that have been an important part of my career.”
Cornell expressed a desire to return to the northeast when his departure from Sam’s Club was announced on Jan. 20. At the time, he indicated that it was time to put his family first after 30 years of asking them to follow him all around the globe.
“My wife and I want to put down roots in the northeast and live in the same ZIP code as our children – not just occasionally seeing them in hotels and restaurants,” Cornell said in the press release announcing his departure from Sam’s.
Cornell has more than 30 years of experience in consumer products marketing and general management. Prior to Sam’s Club, he was president and CEO of Michaels Stores and before that he was EVP and chief marketing officer with Safeway. Earlier in his career, Cornell held general management positions at PepsiCo, including president of Tropicana, president of PepsiCo beverages for Europe and Africa, and president of PepsiCo North America Foodservice.
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