- Kroger CEO and Chairman Rodney McMullen has resigned after an investigation into his personal conduct. Kroger, one of the largest grocery store chains in the U.S., announced the move Monday.
- Kroger said its board became aware of the situation on Feb. 21 and immediately hired an outside independent counsel to investigate.
- The probe found McMullen’s behavior conflicted with the company’s ethics policy.
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Kroger CEO and Chairman Rodney McMullen has resigned after an investigation into his personal conduct. Kroger, one of the largest grocery store chains in the nation, announced the move on Monday, March 3.
The internal probe found that McMullen’s behavior conflicted with the company’s ethics policy.
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When did Kroger become aware of the situation?
Kroger’s board became aware of the situation on Feb. 21 and immediately hired an outside independent counsel to investigate.
The company said McMullen’s behavior was not related to the business and did not involve any Kroger associates, but it did not offer further details about the situation.
Who will serve in McMullen’s place?
Kroger board member Ronald Sargent will serve as the company’s interim CEO. Sargent has worked with the chain since 2006 and has served as lead director of Kroger since 2017. The company said while Sargent serves in the interim, it will conduct a search for its next CEO.
McMullen worked for Kroger since 1978, starting as a part-time stock clerk and worked his way up the company ladder, eventually becoming CEO in 2014.
His resignation comes a few months after Kroger ended a $25 billion merger plan with Albertson’s following regulatory pressure from the Biden administration.
As a result, Albertson’s sued Kroger for breach of contract, accusing its rival of killing the deal.
