Consumer
Kroger CEO Resigns Over ‘Personal Conduct’ After Board Probe
This article is for subscribers only.
Kroger Co. replaced Chief Executive Officer Rodney McMullen following an investigation into his personal conduct, casting a shadow on the supermarket operator’s path forward following a failed deal and a string of management departures under the longtime leader.
Lead director Ron Sargent, 69, was named chairman and interim CEO of Kroger effective immediately, and the Cincinnati-based company said it has initiated a search for a permanent replacement. Sargent has been a director since 2006 and formerly served as CEO of Staples Inc.