Diamond Execs Out Amid Audit Findings

SAN FRANCISCO - Diamond Foods fired Chief Executive Michael Mendes and Chief Financial Officer Steven Neil after an internal investigation revealed that crop payments to walnut growers were not properly accounted for.

The company is restating 2010 and 2011 financial statements to properly account for payments and has named Rick Wolford, previously CEO, president and chairman of Del Monte Foods, acting president and CEO. Michael Murphy, a managing director at Ali

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