Kroger’s board of directors has announced that CEO Rodney McMullen will step down immediately following an investigation into his personal conduct, which the company deemed “inconsistent” with its ethics policies. Ronald Sargent, a long-time board member, will take over as interim CEO until a permanent replacement is named. McMullen has led Kroger for nearly five decades and has held several leadership positions within the company. This move comes just months after the grocery store chain canceled its $25 billion merger with rival Albertsons due to regulatory pressure.
Source: https://edition.cnn.com/2025/03/03/business/kroger-ceo-replaced/index.html