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Safeway Contributes to Prostate Cancer Research

BY Doug Desjardins

PLEASANTON, Calif. Safeway and the Prostate Cancer Foundation are teaming up to donate $6 million to fund the S.T.A.R. Program (Special Team Amplification Research).

Safeway will contribute $3 million that it raised through customer donations made at checkout counters. The Prostate Cancer Foundation will match that donation to fund research that explores the role of targeted heat therapy in treating prostate cancer.

“Supporting this kind of innovative research has become a trademark of the Prostate Cancer Foundation and [is] the principle reason Safeway developed a relationship with the organization more than seven years ago,” said Steve Burd, chairman, president and chief executive officer of Safeway,

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A&P files 14-day notice with FTC over Pathmark acquisition

BY Antoinette Alexander

MONTVALE, N.J. Grocer A&P announced on Monday that it has filed the 14-day notice period with the Federal Trade Commission, stating that it may consummate its acquisition of Pathmark any time after Nov. 27. It expects the deal to close in early December.

It also has reached an agreement with the FTC regarding required divestitures, and has entered asset purchase agreements with specific buyers for certain stores. The final agreement is subject to approval by the commissioners of the FTC, which it expects to obtain.

A&P operates 315 stores in six states and the District of Columbia under the trade names A&P, Waldbaum’s, The Food Emporium, Super Foodmart, Super Fresh and Food Basics.

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Rishton appointed Ahold president and CEO

BY Allison Cerra

AMSTERDAM, Netherlands Ahold’s acting president and chief executive officer, John Rishton, has been officially appointed the position, the company announced last week. Rishton has been acting president and chief executive officer since July 2007.

Additionally, the company also said that Kimberly Ross, currently deputy chief financial officer, is now chief financial officer, succeeding Rishton, and has been nominated by the Supervisory Board for appointment to the Ahold Corporate Executive Board and will assume her responsibilities as acting executive board member with immediate effect.

Rishton’s appointment as President and chief executive officer and Ross’ appointment as chief financial officer take effect immediately. In addition, Peter Wakkie, executive vice president and chief corporate governance counsel, has agreed to accept another term as a member of the corporate executive board.

The appointment of Kimberly Ross to the Corporate Executive Board and the reappointment of Peter Wakkie will be proposed by the Supervisory Board to the Annual General Meeting of Shareholders on April 23, 2008.

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