Major Management Restructuring At Whole Foods Market

Whole Foods Market is eliminating its co-CEO management structure in favor of a single chief, naming John Mackey to the position. Walter Robb will remain as co-CEO until the end of December. After that, he will remain a director and continue to serve as chairman of both Whole Kids Foundation and Whole Cities Foundation. The company also announced that CFO Glenda Flanagan will retire from the role after 29 years at the end of fiscal 2017 (Sept. 2017), but will remain an advisor.