Mackey Cleared by Whole Foods Board

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Mackey Cleared by Whole Foods Board

10/08/2007
AUSTIN, Tex. -- Whole Foods Market's board of directors here last week reaffirmed its support of chairman and c.e.o. John Mackey, following an internal investigation into now notorious online financial message board postings Mackey made under a pseudonym related to Whole Foods Market and Wild Oats Market.

Whole Foods said the board and the Whole Foods leadership team has turned over its findings to the Securities and Exchange Commission, and the company intends to cooperate fully with the SEC in completing its related inquiry.

Due to the ongoing SEC inquiry, the company and the board have no further comment at this time.

Whole Foods Market operates 276 stores in the United States, Canada, and the United Kingdom.