Story perspectives

Kroger CEO Resigns Amid Ethics Investigation; Interim Leader Appointed

3/3/2025

43 6

Summary

Story summary

Kroger CEO Rodney McMullen resigned after a board investigation into personal conduct violating company ethics.
The investigation, initiated on February 21, included external legal counsel.
Ronald Sargent, the lead director since 2006, has been appointed interim CEO and board chair.
McMullen's actions did not impact Kroger's financial performance or operations.
This resignation follows Kroger's unsuccessful $25 billion merger attempt with Albertsons, resulting in a lawsuit.

1 of 1

Story summary

Kroger CEO Rodney McMullen resigned after a board investigation into personal conduct violating company ethics.
The investigation, initiated on February 21, included external legal counsel.
Ronald Sargent, the lead director since 2006, has been appointed interim CEO and board chair.
McMullen's actions did not impact Kroger's financial performance or operations.
This resignation follows Kroger's unsuccessful $25 billion merger attempt with Albertsons, resulting in a lawsuit.