Albertsons 2014 Annual Report Download - page 16

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accelerated by the Board and Mr. Duncan was appointed as the President and Chief Executive Officer of the
Company effective February 4, 2013. Prior to joining the Company, Mr. Duncan served as Chairman, Chief
Executive Officer and President of OfficeMax Incorporated, a provider of office supplies, technology and
services (“OfficeMax”), from 2005-2011.
(2) Bruce H. Besanko was appointed to Executive Vice President and Chief Financial Officer in August 2013.
Prior to joining the Company, Mr. Besanko served as Executive Vice President and Chief Financial Officer
since February 2009 and as Chief Administrative Officer since October 2009 for OfficeMax. Mr. Besanko
previously served as Executive Vice President and Chief Financial Officer of Circuit City Stores, Inc.
(“Circuit City”), a specialty retailer of consumer electronics and related services, from July 2007 to
February 2009. Prior to that, Mr. Besanko served as Senior Vice President, Finance and Chief Financial
Officer for The Yankee Candle Company, Inc., a designer, manufacturer, wholesaler and retailer of
premium scented candles, since April 2005. On November 10, 2008, Circuit City and several of its
subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the
United States Bankruptcy Court for the Eastern District of Virginia. Circuit City’s Chapter 11 plan of
liquidation was confirmed by the Bankruptcy Court on September 14, 2010.
(3) Randy Burdick was appointed Executive Vice President and Chief Information Officer in March 2013. Prior
to joining the Company, Mr. Burdick served as Executive Vice President and Chief Information Officer at
OfficeMax from 2005-2013.
(4) Ritchie Casteel was appointed President & CEO, Save-A-Lot in March 2013. Prior to joining the Company,
Mr. Casteel served as Director of Sales and Operations at Grocery Outlet Inc. from 2005-2009 and served as
a Consultant for Hallmark Cards, Inc. a manufacturer of greeting cards, from 2011-2013.
(5) Susan S. Grafton was appointed Senior Vice President, Finance, and Chief Accounting Officer effective in
February 2014. Prior to joining the Company, Ms. Grafton served as Senior Vice President, Controller and
Chief Accounting Officer from 2011-2014 and Vice President, Controller and Chief Accounting Officer
from 2006-2011 at Best Buy Co., Inc., a retailer of consumer electronics and related products.
(6) Karla C. Robertson was appointed Executive Vice President, General Counsel and Corporate Secretary in
April 2013. Prior to joining the Company, Ms. Robertson worked as in house counsel with general
merchandise retailer Target Corporation from 2006-2008, most recently as its Senior Employee Relations
Counsel and Group Manager.
(7) Mark Van Buskirk was appointed Executive Vice President, Merchandising, Marketing, Retail & Pharmacy
in March 2013. Prior to joining the Company, Mr. Van Buskirk served as Vice President of Meat and
Seafood Merchandising and Procurement at the Kroger Co., a retail grocery company, from 2006-2013.
(8) Rob Woseth was appointed Executive Vice President, Strategy effective March 2013. Prior to joining the
Company, Mr. Woseth served as Vice President Business Development and Strategy at Albertson’s LLC,
from 2006-2013.
The term of office of each executive officer is from one annual meeting of the Board of Directors until the next
annual meeting of Board of Directors or until a successor is elected. Except as described above with respect to
the appointment for Mr. Duncan, 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 Sam Duncan, Bruce H. Besanko, Randy Burdick, Ritchie Casteel,
Susan S. Grafton, Karla C. Robertson, Mark Van Buskirk and Rob Woseth.
ITEM 1A. RISK FACTORS
Various risks and uncertainties may affect the Company’s business. Any of the risks described below or
elsewhere in this Annual Report on Form 10-K or the Company’s other SEC filings may have a material impact
on the Company’s business, financial condition or results of operations.
14