Whole Foods, Facing Pressure Restless Investors, Shakes Up BoardBy
On Wednesday, facing growing pressure from restless shareholders, he brought in reinforcements.
A month after an activist hedge fund took a stake in Whole Foods and began to agitate for change, the company unveiled a sweeping overhaul of its board, replacing five directors, naming a new chairwoman and bringing in a new chief financial officer. It also laid out plans to improve operations and cut costs…
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