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.
The CEO of Kroger abruptly stepped down from the company Monday morning after an investigation into his personal conduct. The company said Rodney McMullen’s personal conduct was “inconsistent” with the company’s ethics policies,
Kroger CEO Rodney McMullen has resigned from the grocery giant following a board investigation of his personal conduct that was unrelated to the business but was inconsistent with
Kroger CEO Rodney McMullen has resigned from the grocery giant 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.
McMullen began his career with Kroger as a part-time stock clerk and bagger at a Kentucky store and worked his way up through the company.
Rodney McMullen, the now-former CEO of supermarket giant Kroger who stepped down following an investigation into his personal conduct, had to forfeit $11.2 million in unvested stock and options, according to government filings.
Ex-Kroger CEO Rodney McMullen left over $11 million on the table when he left the grocer, according to the company's SEC filings.
Board member Ronald Sargent will serve as Chairman of the Board of Directors and interim Chief Executive Officer
The company plans to consider internal and external candidates to replace former chief executive Rodney McMullen, Chairman and interim CEO Ronald Sargent told investors Thursday.