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JULY 2015
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Andronico’s Names Monford to Lead Its Resurgence Andronico’s Community Markets has a new CEO, chosen to lead “its resurgence as an innovator in the San Francisco Bay area’s specialty food retail business,” the five-store retailer announced at the beginning of June. Suzy Monford is now leading Andronico’s and its allwoman executive team. According to the grocer, Monford is recognized for her ability to innovate across key global growth markets, including grocery, lifestyle retailing and health/ fitness. She has been recruited internationally by leading corporations in Australia, the U.K., Canada and the U.S. Originally from Texas, Monford most recently was head of innovation for Woolworth’s, the largest retailer in the Asia Pacific region, to which she was recruited to lead strategic change and international joint ventures.
Suzy Monford
Previously she founded Food Sport International, working with Coles Supermarkets in Australia as her primary client. Other clients included Cheers Inc., a restaurant corporation in Texas, where she worked as president and CEO. A certified health coach, Monford has served on the executive board of directors for both the San Antonio Mayor’s Fitness Council and the YMCA; she actively teaches fitness and health in her
community. “At Andronico’s, one of our core merchant principles is to build healthy communities while we build our business. We believe that you can do well by doing good,” Monford said. “To that end, I’ll be introducing a new, innovative approach to health and wellness that is a major departure from the role that the supermarket industry has traditionally played. Fitness—in all aspects from kitchen to shopping to cooking to dining—will be the way ACM delivers on its promise to advocate for community and our own corporate health. We’ll pioneer recipes for fit living for our shoppers and teammates. “I’m honored to have the opportunity to continue the Andronico’s legacy,” Monford added. “We were born in Please see page 70
Majority Ownership of Raley’s Goes to Son Michael; New COO Named Jim and Joyce Raley Teel said in mid-May that they will transfer majority ownership of Raley’s Family of Fine Stores to their son, Michael Teel, who is president and CEO. Michael is the third-generation owner of the family business. His four sisters will hold minority ownership of the West Sacramento, California-based company, which owns and operates 127 stores: 76 Raley’s, 20 Bel Air Markets, 22 Nob Hill Foods supermarkets and nine Food Source stores as well as 13 Aisle 1 fuel stations in Northern California and Nevada. In a letter to Raley’s employees, Jim and Joyce Teel said: “This is a significant accomplishment, as fewer than 12 percent of family businesses transition to a third generation. With Mike’s passion and vision, we have great faith
he will guide and grow the business for future generations.” Mike Teel will own 92 percent of the company; his sisters equally will share the remaining 8 percent. “Other details of the deal are a private family matter,” the company said in a press release. “My grandfather saw the Please see page 70
Jerry Whitmore and Bob Wilson: 2015 Food Industry Hall of Fame inductees Michael Teel
A LOOK INSIDE
The Christiansons-p.16
See our story starting on page 30
Magic Johnson-p.23
Tim Quinn-p.59
Montana Market Profile, page 12