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Kroger Chairman and CEO resigns following investigation into personal conduct

Rodney McMullen has resigned as Kroger's Chief Executive Officer after a board investigation into his personal conduct found it inconsistent with the company's policy on business ethics.
The investigation was initiated on February 21 and was overseen by a special board committee, with outside independent counsel involved.
Ronald Sargent has been appointed as interim CEO and chairman of Kroger's board of directors, following McMullen's departure.
Kroger's shares have declined by over 2.6% in value after the news of McMullen's resignation.

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