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Whole Foods co-founder John Mackey to step down as CEO next year By Reuters

by Mike Robinson

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© Reuters. FILEPHOTO: John Mackey (Co-Founder and Chief Executive Officer of Whole Foods Market) speaks at the Milken Institute Global Conference held in Beverly Hills, California on May 2, 2016. REUTERS/Lucy Nicholson

(Reuters) – Whole Foods Chief Executive Officer John Mackey will retire next September from his role at the Amazon.com (NASDAQ:) Inc-owned company which he co-founded 43 years ago.

Mackey informed Whole Foods workers that Jason Buechel will be taking over the role of chief operating officer.

Mackey claimed that Buechel was the right choice for him and that Amazon’s leadership has accepted his decision.

Amazon’s 2017 $13.7 billion purchase of Whole Foods had a major impact on the struggling U.S. grocery business. The e-commerce company threatened to change the ways consumers shop in traditional brick-and mortar stores.

Industry experts, however, have questioned Amazon’s strategy with Whole Foods, especially last year when a boom in delivery demand due to the COVID-19 pandemic seemed to have overwhelmed the grocery retailer https://reut.rs/3F8DRbJ.

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