Sacramento, Calif. Raley’s said that former CEO Michael Teel will return to the helm of the supermarket chain. Teel, grandson of founder Tom Raley, led Raley’s between 1996 and 2002. He recently noted that it is his goal to keep the chain privately held.
“This is a special company,” Michael Teel said in a statement. “We are unique in how our employees offer service to our customers. I value that strength, and see it as essential to who we are. As a leader, my role is to foster this unique quality and allow it to thrive.”