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Handout Michael Gilliland was charged with felony child prostitution.Related Stories   Chipotle becomes first U.S. restaurant chain to try and rid menu of GMO foods   Monsanto abandons applications to grow GMO crops in Europe   New York to hold public hearing on proposed GMO labeling law   Are there really ‘healthier’ processed foods? The CEO of Sunflower Farmers Market, a popular grocery store, resigned  Beats By Dre Monster Studio after he was arrested in connection with a child prostitution investigation on Thursday.Michael Gilliland allegedly arranged a meeting with an underage girl he met online, police said.Gilliland was charged with felony child prostitution.The food executive resigned from his position on Saturday, but according to the company, he said he believed he was not guilty."Sunflower appreciates the respect that Mr. Gilliland has shown for the company by his action so that his personal affairs will not affect the  Beats Solo Cheap company,” Sunflower’s president and COO Chris Sherrell said.Sherrell is taking over as acting CEO.Gilliand's leadership at Sunflower Farmers Market came after he founded Wild Oats Markets Inc. He's been with Sunflower since its founding in 2002 and has helped it grow into one of the more formidable organic food companies in the country. In 2010 he was named ColoradoBiz magazine's CEO of the Year and was considered one of the more innovative minds in  Beats By Dre Earbuds Price the organic food business.The article in the magazine portrayed him as a hard-working   family man who brought a successful business savvy to the company. Sherell told the magazine that behind   Gilliand’s  Beats By Dr. Dre Studio Kopfh?Rer steering, he expected sales to increase 20-25% in 2011.In addition to his business ventures, Gilliand also runs a 40-acre commercial organic farm in Colorado, according to the magazine.Seven other men were arrested in the child sex sting, police said.With News Wire Servicesnmandell@nydailynews.com
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