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Kroger 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.
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KMGH broke the news in on Monday, March 3, 2025.
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