US EditionKroger Chairman and CEO resigns following investigation into personal conduct
- Kroger's Chief Executive Officer Rodney McMullen has resigned after a board investigation found his personal conduct inconsistent with the company's policy on business ethics.
- The board retained outside counsel to investigate McMullen's conduct, which was not related to Kroger's business affairs.
- Ronald Sargent has been appointed as interim CEO following McMullen's resignation.
- Kroger shares declined by over 2.6% after the news, continuing a downward trend amid challenges with a past merger plan.
139 Articles
139 Articles
Harris Teeter parent company CEO quits following personal conduct probe
The chief executive officer and board chair of The Kroger Co., parent company of grocer Harris Teeter, abruptly resigned Monday after an internal investigation into his “personal conduct.” The investigation into Kroger CEO Rodney McMullen’s conduct was not related to Kroger’s “financial performance, operations or reporting,” the Cincinnati-based grocery store chain said in a news release.
The President and CEO (CEO) of The Kroger Company, Rodney McMullen, resigned to the Board of Directors of the supermarket chain after an investigation was launched into alleged non-business misconduct.Read more]]>
Shocking Shake-Up: Why Kroger’s CEO Stepped Down So Suddenly
Rodney McMullen, the longtime CEO of Kroger, has stepped down following an internal board investigation into his personal conduct. The company confirmed the news Monday, stating that while his actions violated Kroger’s ethics policy, they did not affect the company’s financial performance or day-to-day operations. McMullen’s resignation comes as a shock to many, given his nearly five-decade career with the grocery giant. While Kroger has not rel…
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