operational woes at Whole Foods could severely harm the business. We think the choice of Steven Spinner to replace Michael Funk (the founder of a predecessor to UNFI) was a smart move. Funk has stayed on as chairman of the board. Spinner spent
customers. Longer term, we anticipate annual sales growth of around 5%.We think the choice of Steven Spinner to replace Michael Funk (the founder of a predecessor to UNFI) was a smart move. Funk will stay on as chairman of the board. Spinner spent
We view UNFI's UNFI announcement yesterday that Steven Spinner has been appointed president and CEO, with Michael Funk moving to the position of chair of the board, as a positive move. We had expected that Funk's tenure would be relatively
management defections, we don't get the sense that financial improprieties exist and we remain comforted by cofounder Michael Funk 's recent return to the CEO position. The abrupt departure of CFO Rick Puckett and subsequent search process for a
sudden departure. Former CEO Steven Townsend resigned for personal reasons in late October, with company cofounder Michael Funk reinstalled to the position after a three-year absence.