Can opener with moving lid retainer

A can opener comprising:

• a housing having a first face and a recess formed in said face;
• a cutter assembly movably mounted on the first face of the housing and including a cutter blade and a blocker member;
• a lid retainer having an arm movably connected to the housing and extending through the first face and a magnet connected to the arm, said blocker member of said cutter assembly engaging said extending arm of said lid retainer for maintaining the lid retainer in a retracted position;
• a manually actuated control switch movably mounted on said housing;
• actuator means connected to said control switch and movable in response to movement of said control switch for moving the cutter assembly upon the control switch being moved to a first predetermined position, to move said blocker member relative to said lid retainer to disengage said blocker member from said lid retainer for enabling the lid retainer to be gravity fed to an extended position, said actuator means placing said blocker member in engagement with said lid retainer arm to move said lid retainer to said retracted position upon the control switch being moved to a second predetermined position, said lid retainer arm being housed within said recess when in said retracted position.