Mackey Steps Down From Whole Foods Chairman Role

by Allen Y Chen, for Austinist, December 28, 2009.

Whole Foods‘ CEO and Board Chairman John Mackey announced that he is voluntarily relinquishing the latter position in a post to his blog on Christmas Eve.

“I have held the Chairman title since Whole Foods Market’s beginning in 1978, but the reality is that today it is merely a title with no authority or responsibilities,” wrote Mackey, who will retain his CEO role. “The authority and responsibilities normally associated with the Chairman position were all shifted over time to John Elstrott, after he became our Lead Director back in January 2001.”

Mackey cited ongoing efforts by “corporate governance activists” to split the CEO/chairman roles as the main reason behind his decision. John Elstrott, who’s served in the Lead Director position since 2001, will take over as Chairman, and his previous position will be retired…(continue reading)

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