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United Natural Foods Names Michael S. Funk Chief Executive Officer, to Succeed Steven H. Townsend.

Publication: PR Newswire
Publication Date: 24-OCT-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
DAYVILLE, Conn., Oct. 24 /PRNewswire-FirstCall/ -- United Natural Foods today announced that Steven H. Townsend has announced his retirement and has resigned as President and Chief Executive Officer, effective immediately in order to devote more time to his other investments and business interests, and that Michael S. Funk, a United Natural Foods Director, will assume the additional responsibilities of President and Chief Executive Officer. Mr. Townsend will remain Chair of the Board of Directors until the Company's Annual Meeting, which is scheduled for December 8, 2005, and, to ensure a smooth transition, will continue as a consultant to the Company.

"The Board thanks Steve for the significant contributions he has made during his 23 years of service in various senior executive positions at United Natural Foods and its predecessor companies. Steve developed a strong, highly competent and motivated management team, and over the last three years, the Company's sales grew to $2.1 billion...

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