Albertsons 2007 Annual Report Download - page 15

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T
he term of office of each executive officer is from one annual meeting of the directors until the next annua
l
meet
i
ng o
fdi
rectors or unt
il
a successor
f
or eac
hi
se
l
ecte
d
.T
h
ere are no arrangements or un
d
erstan
di
ngs
between an
y
executive officer of the Compan
y
and an
y
other person pursuant to which an
y
executive officer wa
s
selected as an officer of the Company. There are no family relationships between or among any of the executive
offi
cers o
f
t
h
e Company.
Each of the executive officers of the Company has been in the employ of the Company or its subsidiaries for
more t
h
an
fi
ve consecut
i
ve years, except Duncan C. Mac Naug
h
ton, Kev
i
nH.Tr
i
pp, Pau
l
L. S
i
nger, Peter J. Va
n
H
elden and Adrian J. Downes.
I
TEM 1A. RI
S
KFA
C
T
O
R
S
Various risks and uncertainties could affect our business. Any of the risks described below or elsewhere in this
Annua
l
Report on Form 10-K or our ot
h
er SEC
fili
ngs cou
ld h
ave a mater
i
a
li
mpact on our
b
us
i
ness,
fi
nanc
i
a
l
condition or results of operations. It is not possible to predict or identif
y
all risk factors. Additional risks an
d
u
ncertainties not presently known to us or that we believe to be immaterial may also impair our business
o
perat
i
ons. T
h
ere
f
ore, t
h
e
f
o
ll
ow
i
ng
i
s not
i
nten
d
e
d
to
b
e a comp
l
ete
di
scuss
i
on o
f
a
ll
potent
i
a
l
r
i
s
k
sor
u
ncertainties
.
G
eneral econom
i
c cond
i
t
i
ons a
ff
ect
i
n
g
the
f
ood
i
ndustry may a
ff
ect our bus
i
ness.
T
he Retail food and Supply chain services segments are sensitive to a number of economic conditions that ma
y
aff
ect our
b
us
i
nesses suc
h
as: (
i
)
f
oo
d
an
dd
rug pr
i
ce
i
n
fl
at
i
on or
d
e
fl
at
i
on, (
ii
)so
f
tness
i
n nat
i
ona
l
an
dl
oca
l
economies, (iii) increases in ener
gy
costs and commodit
y
prices, (iv) chan
g
es in interest rates, (v) the availabilit
y
o
f favorable credit and trade terms, and (vi) other economic conditions that may affect consumer spending or
b
uy
i
ng
h
a
bi
ts. Any one or more o
f
t
h
ese econom
i
c con
di
t
i
ons can a
ff
ect our reta
il
sa
l
es, t
h
e
d
eman
df
or pro
d
uct
s
we distribute to our retailer customers, our operatin
g
costs and other aspects of our businesses.
Var
i
ous operat
i
n
gf
actors may a
ff
ect our bus
i
ness plans or costs o
f
operat
i
ons.
T
he operation of our businesses may be affected by a number of factors, such as: (i) changes in business plans,
o
perat
i
ons, resu
l
ts an
d
prospects, (
ii
) potent
i
a
ld
e
l
ays
i
nt
h
e
d
eve
l
opment, construct
i
on or start-up o
f
p
l
anne
d
pro
j
ects, (iii) labor relations, (iv) chan
g
es in operatin
g
conditions and costs, includin
g
fuel price increases, (v) th
e
l
evel of ca
p
ital resources re
q
uired for future ac
q
uisitions, o
p
erations or debt reduction, (vi) difficulties i
n
d
eve
l
op
i
ng, ma
i
nta
i
n
i
ng or upgra
di
ng
i
n
f
ormat
i
on tec
h
no
l
ogy systems as nee
d
e
d
,an
d
(v
ii
)t
h
e outcomes o
f
ne
g
otiations with partners,
g
overnments, suppliers, unions, customers or others, an
y
one or more of which ca
n
a
ffect our operating costs, plans for the opening or remodeling of stores, acquisitions and other aspects of our
b
us
i
nesses.
Unfavorable outcomes in legal, governmental or administrative proceedings or disputes, or unfavorabl
e
chan
g
es
i
n
g
overnment re
g
ulat
i
ons or account
i
n
g
standards may a
ff
ect our bus
i
nesses and operat
i
n
g
resul
t
s
.
Un
f
avora
bl
e outcomes
i
n
li
t
i
gat
i
on, governmenta
l
or a
d
m
i
n
i
strat
i
ve procee
di
ngs or ot
h
er
di
sputes may resu
l
t
i
n
si
g
nificant liabilit
y
to the Compan
y
and affect our profitabilit
y
or impose restrictions on the manner in which w
e
conduct our business. Our businesses are also subject to various federal, state and local laws and regulations with
w
hi
c
h
we must comp
l
y. Our
i
na
bili
ty to t
i
me
l
yo
b
ta
i
n perm
i
ts, comp
l
yw
i
t
h
government regu
l
at
i
ons or ma
ke
capital expenditures required to maintain compliance with
g
overnmental re
g
ulations ma
y
affect our abilit
y
t
o
o
pen new stores or expand existing facilities, which could adversely impact our business operations and
prospects. C
h
anges
i
n app
li
ca
bl
e
l
aws an
d
regu
l
at
i
ons t
h
at
i
mpose a
ddi
t
i
ona
l
requ
i
rements or restr
i
ct
i
ons on t
he
manner in which we operate our businesses could increase our operatin
g
costs. In addition, chan
g
es in accountin
g
standards could im
p
act our financial statements
.
9