Events

John Mackey to Stay as Whole Foods Ceo

Amazon deal makes him worth $75 million

Published

7 years ago

June 19, 2017

amccorq

John Mackey, founder and ceo of Whole Foods (Austin, Texas), says he will stay on as top executive in light of Amazon (Seattle) buying the company for $13.7 billion.

With the Amazon deal, Mackey is now worth $75 million, reports Forbes, but has taken a $1 yearly salary and no bonus or stock grants since 2007. He founded the grocery chain in Austin in 1978 and has served as its ceo ever since.

Whole Foods has over 460 stores in the U.S., Canada and the U.K., and has $16 billion in annual revenue.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design