Rodney McMullen has resigned as CEO of Kroger following an investigation into his personal conduct, which the board found inconsistent with its ethical standards. The investigation, initiated after the board learned of the conduct, determined it was unrelated to Kroger’s business and did not involve any employees. McMullen had been with Kroger since 1978 and was CEO since 2014, overseeing a failed merger with Albertsons that faced resistance from regulators. Kroger has appointed Ron Sargent as interim CEO while searching for a permanent replacement, and will still hold a quarterly earnings call this week.
Kroger's board investigated CEO Rodney McMullen's 'personal conduct,' leading to his resignation, which was deemed inconsistent with the company's code of ethics.
McMullen had led Kroger since 2014 and was previously involved in the company's failed merger attempt with Albertsons, which faced significant regulatory hurdles.
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