Kroger Chairman and CEO Steps Down Amid Conduct Investigation

Reported about 12 hours ago

Kroger's Chairman and CEO Rodney McMullen has resigned following an internal investigation into his personal conduct, which was found inconsistent with the company’s ethics policy, though unrelated to business operations. Ronald Sargent, a board member since 2006, will serve as chairman and interim CEO while the search for a new CEO begins. The investigation, initiated on February 21, revealed that McMullen's conduct did not affect the company's financial performance or involve any Kroger associates.

Source: YAHOO

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