Rodney McMullen, CEO of Kroger, has resigned after an investigation into his personal conduct deemed it inconsistent with the company's ethical standards. The grocery chain did not disclose the specifics of McMullen's actions but assured that they were unrelated to business operations. Ron Sargent, Kroger's lead director, will serve as interim CEO and chairman.
Kroger CEO Rodney McMullen has resigned following an investigation into his personal conduct . The grocery chain announced on Monday that McMullen, who held both the chairman and CEO positions, was stepping down after a company board investigation found his behavior to be inconsistent with Kroger 's Policy on Business Ethics. Kroger emphasized that McMullen's actions were unrelated to business operations or financial performance.
Ron Sargent, Kroger's lead director, will assume the roles of interim chairman of the board and CEO, effective immediately. The company declined to specify the nature of McMullen's actions, stating only that his resignation stemmed from an investigation conducted by an independent counsel into certain behavior brought to the board's attention on February 21. Kroger stated that the investigation was overseen by a special board committee and that McMullen's conduct did not involve any Kroger associates.
Kroger CEO Resignation Personal Conduct Investigation
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