Rodney McMullen, former CEO of Kroger, resigned citing issues of personal conduct, causing him to forfeit over $11 million in bonuses and stock. Though he lost this compensation, he still held 6.6 million shares worth around $417 million. His total compensation for 2023 was reported at $15.7 million, down from $19.2 million in 2022. Kroger indicated that his actions were inconsistent with their ethics policy but were not linked to the company's overall performance or other associates. McMullen had been CEO since 2014 and previously led a significant merger attempt with Albertsons.
Kroger announced that Rodney McMullen resigned due to 'personal conduct' issues, leading him to forfeit over $11 million in bonus and stock payments.
Despite resigning, McMullen retained ownership of 6.6 million shares of Kroger, valued at approximately $417 million, illustrating his substantial stake in the company.
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