Kroger announced the resignation of CEO Rodney McMullen following an investigation that revealed personal conduct inconsistent with the company's Business Ethics Policy. Since 2014, McMullen has led the company, which is the largest supermarket chain in the U.S. by sales. The Board was informed of his conduct on February 21 and promptly initiated an independent investigation. Ronald Sargent, a Board member and former CEO of Staples, has been appointed as interim CEO while Kroger seeks a permanent successor. The situation is not related to the company's financial performance, and no associates were involved in the matter.
Kroger is parting ways with CEO Rodney McMullen after an investigation into his personal conduct which violated the company's Business Ethics Policy.
The Board of Directors at Kroger was alerted to certain personal conduct of Mr. McMullen and took immediate action by hiring independent counsel for an investigation.
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