WEST SACRAMENTO, Calif. — The Raley’s Companies announced that President and CEO Keith Knopf is stepping down after more than a decade in the role and that company owner and chairman Mike Teel is returning as chief executive.
Knopf, who has led the regional grocery operator for 11 years, said his departure comes at a natural transition point following a period of significant growth and transformation.
“After eleven fulfilling years of service, I have reached a natural inflection point, and having achieved significant milestones, I have chosen to step away at this point in time,” Knopf said. “Serving as President & CEO has been an immense privilege, and I remain deeply proud of what our team has accomplished together.”
During his tenure, Raley’s doubled in size through a series of acquisitions while advancing its digital and omnichannel capabilities. The company also expanded its e-commerce platform, enhanced its loyalty program and implemented supply chain improvements aimed at modernizing operations and supporting growth.
Teel, who previously served as CEO before Knopf’s appointment, will reassume the role as the company looks to maintain continuity while navigating its next phase.
“Keith’s contributions over the past eleven years have left a meaningful mark on this company and the communities we serve,” Teel said. “He is leaving us with a strong, capable leadership team, and I am stepping back into this role with confidence in the people and the foundation.”
As part of the transition, the company elevated two senior executives into expanded leadership roles. Tiffanie Burkhalter has been named President and Chief Financial Officer, while Jen Warner will serve as President and Chief Operating Officer.
Burkhalter, who has been CFO since 2023, brings a combination of financial and operational expertise to the role. Warner, who joined the company in 2020, has held several senior leadership positions, including Chief Administrative Officer, President of the Raley’s operating division and most recently Chief Growth & Transformation Officer, where she helped drive the company’s long-range strategic plan.
The company says the leadership changes position Raley’s to balance continuity with operational focus, leveraging an experienced executive bench as it continues to invest in digital capabilities, supply chain efficiency and customer engagement.
