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Safeway names new EVP, CFO

BY Michael Johnsen

PLEASANTON, Calif. — Safeway on Monday announced the appointment of Peter Bocian as its new executive vice president and CFO. 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 Feb. 19.

Bocian most recently served as EVP 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, Bocian spent three years as EVP 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 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 SVP and CFO. 

"We are pleased to have attracted someone with Pete’s demonstrated business leadership skills and deep financial credentials to our senior executive team," stated 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."

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.

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R.SHULAR says:
Mar-02-2013 12:33 am

Peter Bocian has a great track record in JPMorgan Chase of Technology and Real Estate Finance sector so I guess he deserved to be there. congrats to him a lot.

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‘Look ahead and be bold,’ Anderson urges NACDS members as group marks 80th year

BY Alaric DeArment

FORT LAUDERDALE, Fla. — National Association of Chain Drug Stores president and CEO Steve Anderson pledged to be proactive in advocating for pharmacy in the organization’s 80th year.

Speaking at the NACDS’ Regional Chain Conference Monday, Anderson said pharmacy stood at an "inflection point," with many more on the horizon.

"Many of you tell me that decision-makers seem to recognize pharmacy’s value as the face of neighborhood health care more than before," Anderson said. "Many of you tell me that community pharmacy and the consumer goods side of the business have tremendous opportunities, but the trick will be capitalizing on them. I also hear about the challenges that could stifle not only innovation, but also the viability of some businesses."

In addition to the pledge of advocacy, Anderson said the organization would "embark on a determined journey to earn the recognition for pharmacies as healthcare providers in Medicare" and provide an "innovative product" in the NACDS Total Store Expo, which will take place in Las Vegas in August.

The theme for the group’s 80th anniversary, Anderson said, would be "Experience It!" This would represent its response to the current operating environment and reflect the central focus of member engagement in its work.

"If there is one thing that has no place in NACDS, it’s sitting back and waiting for things to happen," Anderson said. "The words ‘Experience It!’ issue an invitation — an invitation to gather at events like this one to collaborate and innovate, and an invitation to earn results through expertise in advocacy, communications and business building."

Anderson urged attendees of the conference to "look ahead and be bold."

"NACDS has sought nothing less than creating an experience that helps you do what you do and be who you are," Anderson said. "And it’s that oneness with the membership that allows NACDS to take on the challenge of successfully navigating healthcare reform … the challenge of pursuing greater roles for pharmacy in healthcare delivery … and the challenge of settling for nothing less than creating the ideal forum for advancing business relationships and strategic dialogue."


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Bloomberg: Tesco reassures U.S. customers as investment bank conducts strategic review

BY Michael Johnsen

NEW YORK — U.K. grocer Tesco is attempting to reassure shoppers that its United States-based Fresh & Easy supermarkets are not closing after announcing in December plans to exit the U.S. market, Bloomberg News reported Friday. 

Not too long after Tesco announced its possible U.S. exit, a Facebook page titled "Save Fresh and Easy" was created. "By liking this page, we ask you to help keep our doors open by bringing three friends with you and show them exactly what it is you have come to love about us," the site administrators, who noted the page was not officially sanctioned by Fresh and Easy, stated. 

As of Feb. 4, that site had 1,197 "likes."

According to the Bloomberg report, investment bank Greenhill is conducting a strategic review of Fresh & Easy for Tesco, which should be ready by April. The U.S. business hasn’t turned a profit since it was opened in 2007, the report noted.

The official word from Fresh and Easy, which Bloomberg noted went out to consumers via email, was "While we don’t know exactly what the outcome of this strategic review process will be, we want to assure you we don’t have plans to close stores and we’re confident Fresh & Easy can continue to be your favorite neighborhood market. In fact, we’re kicking off a new campaign this week so keep an ear out for our new radio spots.” 

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