Whole Foods (WFMI): CEO Given Clean Bill Of Health By Board

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Whole Foods Market (WFMI) announced that the special committee of the Board of Directors of Whole Foods Market, Inc., assisted by its independent counsel, has completed its investigation into online financial message board postings related to Whole Foods Market and Wild Oats Market. The Board has reaffirmed its support of John Mackey, Chairman and CEO of Whole Foods Market, and the Whole Foods Market leadership team and has turned over its findings to the SEC. WFMI and the Board intend to cooperate fully with the SEC in completing its related inquiry.

The announcement was made after the market close, but WFMI shares were up 4.2% today to $53.20