Richard Cline, who led the Jewel grocery store chain and Nicor, Inc., the parent company of Northern Illinois Gas, through periods of change, has died at age 88.
Richard Cline led two prominent Chicago-area companies — the Jewel grocery store chain and Nicor, Inc., the parent company of Northern Illinois Gas — through periods of major change in the 1970s and 1980s.
Born in Chicago, Richard Gordon Cline was the son of Katherine Cline, who founded and led the Junior Village nursery school in Glen Ellyn from 1965 until 1986. He graduated from Glenbard High School — now Glenbard West High School — where he ran track and posted a 4:32 time in the mile run in the state finals.
In 1984, Salt Lake City-based American Stores, Inc. initiated an ultimately successful hostile takeover of Jewel. One month after Jewel accepted the merger offer, two top Jewel executives quit, and Cline was promoted to be Jewel’s chairman and CEO.“Someone had to stay to put together,” Cline told the Tribune in January 1985.
Cline told the Tribune in 1986 that “some of the steps we took were painful for stockholders, but they were things we had to do. The world of energy has changed.” Cline retired as Nicor’s CEO in 1995 and stepped down as chairman later that year. After retiring, he ran Hawthorne Investors, a private investment firm.
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