Albertsons 2006 Annual Report Download - page 8

The term of office of each executive officer is from one annual meeting of the directors until the next annual
meeting of directors or until a successor for each is elected. There are no arrangements or understandings
between any executive officer of the company and any other person pursuant to which any executive officer was
selected as an officer of the company. There are no family relationships between or among any of the executive
officers of the company.
Each of the executive officers of the company has been in the employ of the company or its subsidiaries for
more than five consecutive years, except for Roger E. Davidson and David M. Oliver.
Mr. Davidson was elected to his current position in December 2004. From December 2003 to December
2004, he was Senior Vice President of Grocery Procurement, Merchandising, and Own Brand for H.E.B.
Grocery, a food retailing company. From December 2000 to December 2003, he was Senior Vice President of
Non-Perishables, Corporate Brands and Global Sourcing for Ahold USA, a food retailing company.
Mr. Oliver was elected to his current position in April 2004. From November 1999 to April 2004, he was
Chief Financial Officer, Arden Group, Inc., a holding company with supermarket operations in Southern
California.
ITEM 1A. RISK FACTORS
Various risks and uncertainties could affect our business. Any of the risks described below or elsewhere in
this report or our other SEC filings could have a material impact on our business, financial condition or results of
operations. It is not possible to predict or identify all risk factors. Additional risks and uncertainties not presently
known to us or that we believe to be immaterial may also impair our business operations. Therefore, the
following is not intended to be a complete discussion of all potential risks or uncertainties.
General economic conditions affecting the food industry may affect our business.
The retail food and supply chain services segments are sensitive to a number of economic conditions that
may affect our businesses such as: (i) food price inflation or deflation, (ii) softness in national and local
economies, (iii) increases in energy costs and commodity prices, (iv) changes in interest rates, (v) the availability
of favorable credit and trade terms, and (vi) other economic conditions that may affect consumer spending or
buying habits. Any one or more of these economic conditions can affect our retail sales, the demand for products
we distribute to our retailer customers, our operating costs and other aspects of our businesses.
Various operating factors may affect our business plans or costs of operations.
The operation of our businesses may be affected by a number of factors, such as: (i) changes in business
plans, operations, results and prospects, (ii) potential delays in the development, construction or start-up of
planned projects, (iii) labor relations, (iv) changes in operating conditions and costs, including fuel price
increases, (v) the level of capital resources required for future acquisitions or operations, (vi) difficulties in
developing, maintaining or upgrading information technology systems as needed, and (vii) the outcome of
negotiations with partners, governments, suppliers, unions, customers or others, any one or more of which can
affect our operating costs, plans for the opening or remodeling of stores, acquisitions and other aspects of our
businesses.
Unfavorable outcomes in legal, governmental or administrative proceedings or disputes, or unfavorable
changes in government regulations or accounting standards may affect our businesses and operating
results.
Unfavorable outcomes in litigation, governmental or administrative proceedings or other disputes may result
in significant liability to the company and affect our profitability or impose restrictions on the manner in which
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