NEW REIGN AT RALEY'S

WEST SACRAMENTO, Calif. -- With the founder's grandson leading the way, Raley's Supermarkets & Drug Centers here intends to remain private and be a buyer rather than a seller in the consolidation game."The last five years have been focused on setting up management succession at all levels of the company," Michael Teel, president and newly appointed chief executive officer of the 116-unit chain, told

WEST SACRAMENTO, Calif. -- With the founder's grandson leading the way, Raley's Supermarkets & Drug Centers here intends to remain private and be a buyer rather than a seller in the consolidation game.

"The last five years have been focused on setting up management succession at all levels of the company," Michael Teel, president and newly appointed chief executive officer of the 116-unit chain, told SN.

"We've reorganized the company into geographic districts, with a lot

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