Safeway Appoints New Board Members, Expands Board to 12

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Safeway Appoints New Board Members, Expands Board to 12

Safeway, Inc. has appointed Arun Sarin and Michael S. Shannon to its board of directors, which expands from 10 to 12 members with these new appointments.

“We are fortunate to have individuals with these credentials joining the board,” said Safeway chairman, president, and CEO Steve Burd. “Arun and Michael have each run substantial businesses, and their experience will be valuable to our board.”

Sarin, a telecommunications industry veteran, was most recently CEO of mobile phone company Vodafone Group Plc. He’s served on numerous boards, including Gap, Inc.; Charles Schwab; and Cisco Systems, Inc. He also recently retired as a nonexecutive director of the Court of the Bank of England.

Shannon founded KSL Capital Partners, LLC in 2004 and its predecessor, KSL Recreation Corp., in 1992, serving as its president and CEO. KSL Capital Partners is a U.S. private equity firm dedicated to investments in travel and leisure businesses. He additionally founded and became CEO of KSL Resorts in 2004, following the sale of KSL Recreation.

During Shannon’s tenure as CEO, KSL Recreation grew to become one of the largest independent owners and operators of resorts. From 1986 to 1992, Shannon was president and CEO of Vail Associates, Inc. (owner of the Vail and Beaver Creek resorts in Colorado). He currently serves on the board of ING Direct, the Vail Valley Foundation, the United States Ski and Snowboard Association, and Eisenhower Memorial Hospital. He’s a past director of Conseco, Inc.; TCA Cable TV, Inc.; Startek, Inc.; and ING Americas Holdings.

Pleasanton, Calif.-based Safeway operates 1,735 stores in the United States and western Canada.