Friday, November 4, 2016

CEO shakeup at Whole Foods

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Walter Robb, a 25-year Whole Foods veteran, is stepping down as co-CEO of the chain, effective Dec. 31. Robb, who has shared the CEO title with John Mackey for six years, will remain on the board of directors and continue to serve as a senior advisor to the company and as chairman of the Whole Kids Foundation and Whole Cities Foundation.  

The change in the CEO structure comes after the grocer reported its fifth consecutive quarter of declining same-store sales. Whole Foods faces increasing competition from a whole host of retailers, including traditional supermarkets like Kroger Co., specialty grocers, discounters, and online players.. . . more

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