Whole Foods Moving Away From Co-CEO Structure

Whole Foods has been run by two CEOs for six years, but on Wednesday, the company announced that it’s shifting to a single CEO. Co-founder John Mackey will become the sole CEO at the end of the year. The other co-CEO, Walter Robb, will remain on Whole Foods’ board and be a senior adviser to the company. Sales at the natural food grocer fell 2.6 percent at established stores in the fiscal fourth quarter — worse than the 2 percent drop analysts predicted.