Family Obligations Bring Teel Back to Raley's

Michael J. Teel told SN yesterday he decided to return to Raley's as chief executive officer to protect the family business.

WEST SACRAMENTO, Calif. — Michael J. Teel told SN yesterday he decided to return to Raley's as chief executive officer to protect the family business.

“In difficult times a business needs family leadership, and I'm in a place in life where I can devote time to that and to serve the family and employees of Raley's,” the 58-year-old executive said. “My focus will be to ensure we achieve market-share gains.”

Teel, the grandson of the chain's founder, had been president and CEO of the family-owned company between 1997 and 2002 before abruptly leaving the business. Bill Coyne left as the company’s CEO in November.

Raley's operates 134 stores with a volume estimated at $3.4 billion.

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