Raley’s (West Sacramento, Calif.) president and ceo William Coyne resigned Friday, stating the departure is a personal one. In a news release, Coyne said: "I want to assure you that this is a personal decision that I feel is right for me and my family."
The company announced Dave Clark, the company's chief operating officer, will serve as interim president.
Coyne joined the company as general counsel in 1997 and became ceo in 2003. During his time with the company, he oversaw a number of acquisitions and divestments that produced varied results, including buying 27 Nob Hill Foods in the Bay Area in the ’90s; purchasing 27 stores in Las Vegas and New Mexico from Albertson's Inc. in 1999, only to sell the Las Vegas stores a few years later and the New Mexico ones in 2007. He also steered the company into online shopping and opening Aisle 1, the company's full-service gasoline stations.
Privately held Raley's is the 38th largest supermarket chain in the U.S. with approximately 130 stores and annual sales of $3.4 billion, according to Supermarket News.