Kroger CEO Resigns After SHOCKING Internal Investigation!

2025-03-04 00:01:21.425

Kroger, America's largest grocery chain, announced the resignation of its Chairman and CEO, Rodney McMullen, following an internal investigation into his personal conduct. The investigation, unrelated to Kroger's business operations or financial performance, concluded that McMullen's actions were inconsistent with the company's ethics policy. Ronald Sargent, a long-time board member with extensive experience in the grocery industry and as former CEO of Staples, will serve as interim CEO and chairman. McMullen's career with Kroger spanned four decades, beginning as a part-time stock clerk. The investigation, initiated after the board learned of the situation on February 21st, was conducted by independent counsel. Kroger's board will conduct a search for a permanent CEO. This news comes as Kroger is recovering from its failed merger attempt with Albertsons. The merger, which would have created the largest supermarket in the US, was blocked by judges due to antitrust concerns. Albertsons also announced the retirement of its CEO, Vivek Sankaran, to be replaced by Susan Morris.