San Francisco, Calif. (PRWEB)
June 23, 2017
Conscious Capitalism, Inc., the nonprofit organization dedicated to elevating humanity through business, announced today that co-CEO Doug Rauch will step down from his staff leadership role as of July 1, 2017. Fellow co-CEO, Alexander McCobin, will assume sole chief executive responsibilities to lead the organization.
The transition was decided upon during Conscious Capitalism Inc.’s February Board meeting with unanimous support. Rauch and McCobin first informally shared news of this transition to attendees at Conscious Capitalism’s annual spring conference this past April in Philadelphia. Rauch will remain an active member of Conscious Capitalism’s Board to continue to support the organization’s growth.
Rauch was named CEO of Conscious Capitalism, Inc. in 2011 following 31 years with grocery store chain Trader Joe’s. As a president of Trader Joe’s for 14 of those years, he helped grow it from a small chain in Southern California to a nationally acclaimed retail success story. As CEO of Conscious Capitalism, Inc., Rauch oversaw a significant growth phase for both the organization and associated movement following the 2013 release of “Conscious Capitalism: Liberating the Heroic Spirit of Business,” co-authored by Whole Foods Market co-founder and CEO, John Mackey, and Babson College professor, Raj Sisodia. In addition to remaining a Conscious Capitalism Board member, Rauch will focus on his latest entrepreneurial endeavor Daily Table, a grocery store in Boston’s economically-diverse Dorchester neighborhood dedicated to fighting hunger by making healthy food available at affordable prices.
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