The supermarket chain said Rodney McMullen’s conduct wasn’t related to its financial performance or operations but it was inconsistent with its ethics policy.

Mr. McMullen’s conduct is not related to the company’s financial performance, operations or reporting, and it did not involve any Kroger associates,” the company said.

Kroger Chairman and CEO Rodney McMullen is stepping down after an internal investigation into his personal conduct.

Board member Ronald Sargent will serve as Chairman of the Board of Directors and interim Chief Executive Officer

Rodney McMullen resigned as Kroger CEO after a board investigation. Sargent has extensive experience with Kroger and the retail industry. In the wake of Kroger CEO Rodney McMullen’s resignation following a board investigation of his personal conduct that was unrelated to the business but was inconsistent with the company’s policy on business ethics,

Ex-Kroger CEO Rodney McMullen left over $11 million on the table when he left the grocer, according to the company's SEC filings.

The Cincinnati company's results come just days after the abrupt resignation of long-time Chief Executive Officer and Chairman Rodney McMullen over personal conduct. They're also the first since a federal judge blocked a $20 billion deal to takeover smaller rival Albertsons.

Kroger CEO Rodney McMullen resigns amid ethics probe, leadership shakeup follows failed Albertsons merger and pending litigation.