Steven Burd

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Steven Burd
Barack Obama meets with business leaders 5-12-09.jpg
Burd (middle) meets with President Barack Obama along with other business leaders on May 12, 2009.
Born Steven A. Burd
1949 (age 64–65)[citation needed]
Valley City, North Dakota, U.S.
Residence California, U.S.
Alma mater Carroll University (B. S.)
University of Wisconsin–Milwaukee (M. A.)
Occupation President, Chairman & CEO at Safeway Inc (1992–2013)
Political party
Republican[citation needed]
Board member of
Kohl's
Religion Christianity[1][unreliable source?]

Steven A. Burd (born 1949) is an American businessman.[2] He served as Chairman, President and CEO of Safeway Inc. from October 26, 1992 to May 14, 2013.[2][3] He is a member of the Republican Party.[citation needed]

Early life[edit]

Burd received a degree from Carroll University in 1971 and a degree from the University of Wisconsin–Milwaukee in 1973.

Career[edit]

Burd was President of Safeway from October 26, 1992 until May 14, 2013, and CEO from April 30, 1993 until May 14, 2013.[3] He joined the Board of Directors on September 7, 1993 and served as Chairman of the Board between May 12, 1998 and May 14, 2013.[3] While CEO of Safeway in 2009, he earned a total compensation of $10,901,892, which included a base salary of $1,449,000, a cash bonus of $358,627, stock awards of $491,611 and options granted of $6,922,200. Steven Burd will receive another $7.5 million in stock as a result of the transaction that combines Safeway and Albertsons supermarket chain. [1]

Burd spearheaded the innovative "Healthy Measures" insurance plan offered to Safeway employees.[4] In this plan, employees get discounts on their health insurance if they show qualified performance in four "tests": tobacco usage, healthy weight, blood pressure and cholesterol levels.[4] Employees can get as much as an $800 annual premium reduction. He founded the Coalition to Advance Healthcare Reform in order to promote similar health policies nationally.[4]

Burd sits on the Board of Directors of Kohl's.[2][3]

Personal life[edit]

Burd is married to Chris and has two children. He is a born-again Christian.[1][unreliable source?]

References[edit]

  1. ^ a b "Steve Burd". Nndb.com. 2004-03-01. Retrieved 2013-10-22. 
  2. ^ a b c "Forbes". Forbes. 2012-04-18. Retrieved 2013-10-22. 
  3. ^ a b c d "Safeway Board of Directors". Safeway.com. Retrieved 2013-10-22. 
  4. ^ a b c Steven A. Burd, How Safeway Is Cutting Health-Care Costs, The Wall Street Journal, June 12, 2009