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.
Kroger CEO Rodney McMullen stopped at the new Euclid Avenue store while he was in Lexington last month to be inducted into the University of Kentucky Hall of Distinguished Alumni. He started at Kroger as a stock clerk at its old Eastland store.
Board member Ronald Sargent will serve as Chairman of the Board of Directors and interim Chief Executive Officer
Ex-Kroger CEO Rodney McMullen left over $11 million on the table when he left the grocer, according to the company's SEC filings.
Kroger CEO Rodney McMullen resigns amid ethics probe, leadership shakeup follows failed Albertsons merger and pending litigation.
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.