BELLINGHAM, Wash. — Dale C. Henley, president and chief executive officer of Haggen Inc. here, said he plans to retire no later than next June 30, after 14 years in those posts.
In a letter to employees, he said he intends to become non-executive chairman of the board and to continue to serve as president and CEO of Briar Development Co., the chain's real-estate arm. Haggen will launch an immediate nationwide search for a successor, the letter stated.
Henley, 64, said he will turn 65 next May and wants "time to relax and pursue other activities." Though he will serve as chairman of Haggen and president and CEO of Briar, he said he plans to reduce the amount of time dedicated to both "to enjoy other pursuits."
Haggen operates 34 stores in Washington and Oregon, including one freestanding pharmacy, with estimated sales of $870 million.
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