Safeway CFO leaves for hotel chain
The chief financial officer for Pleasanton grocery giant Safeway Inc. is leaving the company to take the top financial post at Starwood Hotels and Resorts Worldwide, a New York-based hotel operator.
In a statement Monday, the company said Vasant Prabhu, who also serves as executive vice president and president of the company’s e-commerce business division, will remain with Safeway through the end of the year to assist in the transition. A search is underway for his replacement, the company said.
‘We are grateful for Vasant’s contributions to Safeway over the last three years. He provided strong leadership over our finance and information technology organizations, and was particularly helpful in the successful establishment of our Internet grocery business, Safeway.com. We appreciate what he has done for Safeway, and wish him well in his new position’, Safeway Chairman and CEO Steve Burd said in the statement.