Business Insider tells the global tech, finance, stock market, media, economy, lifestyle, real estate, AI and innovative stories you want to know.
The grocery chain Kroger is replacing its longtime CEO after an investigation into his personal conduct, it said Monday.Kroger said that it learned about conduct by Rodney McMullen that was 'inconsistent with Kroger's Policy on Business Ethics.''On February 21, the Board was made aware of certain personal conduct by Mr. McMullen and immediately retained outside independent counsel to conduct an investigation, which was overseen by a special Board committee,' Kroger said.
McMullen started his first job at Kroger in 1978, when he worked part-time as a stocking clerk at a store in Lexington, Kentucky, according to Kroger.He earned accounting degrees at the University of Kentucky in Lexington, where he has been honored as a distinguished alumnus. He was the first in his family to go to college, according to a 2014 profile by The Cincinnati Enquirer.McMullen built his career at Kroger and held several different roles at the grocer, including as CFO from 1995 to 2000.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kroger CEO Rodney McMullen resigns following investigation into personal conductKroger Chairman and CEO Rodney McMullen is stepping down after an internal investigation into his personal conduct.
Read more »
Longtime Kroger CEO Rodney McMullen resigns following investigation into personal conductBoard member Ronald Sargent will serve as chairman and interim CEO, effective immediately.
Read more »
Kroger CEO Rodney McMullen Resigns Following Personal Conduct InvestigationKroger CEO Rodney McMullen steps down after an internal investigation into his personal conduct determines it to be inconsistent with the company's ethics policy. Ronald Sargent, a long-standing board member, takes over as interim CEO.
Read more »
Kroger Chairman and CEO resigns following investigation into personal conductKroger Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct.
Read more »
Kroger CEO Resigns Amid Personal Conduct InvestigationRodney McMullen steps down as Kroger CEO following an internal investigation into his personal conduct, with board member Ronald Sargent taking over as interim CEO.
Read more »
Kroger CEO Resigns Following Investigation into Personal ConductRodney 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.
Read more »