Coyne Resigns at Raley's; Clark Named Interim CEO

Raley's said Friday William Coyne, president and chief executive officer since 2003, has resigned, effective today.

WEST SACRAMENTO, Calif. — Raley's here said Friday William Coyne, president and chief executive officer since 2003, has resigned, effective today.

The company, which is privately held, said its board of directors will meet soon "to outline a plan for selecting a CEO," though it said there is no specific timeframe.

Succeeding Coyne on an interim basis will be Dave Clark, the company's chief operating officer.

In a message to the chain's employees, Coyne wrote, "I

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