In a surprising turn of events, Kroger's CEO Rodney McMullen has resigned following an investigation into his personal conduct. The board found his actions inconsistent with company ethics, impacting Kroger's turbulent period post-merger collapse with Albertsons. Ronald Sargent steps in as interim CEO.
Kroger appoints Ronald Sargent as interim CEO following the departure of longtime leader McMullen due to personal conduct issues. As Kroger prepares to report financial results, questions arise about the impact on grocery prices after a failed merger with Albertsons.
In a surprising turn of events, Kroger CEO Rodney McMullen has stepped down following a probe into his personal conduct. The investigation, which found inconsistencies with the company's ethics policy, was unrelated to business operations. Ron Sargent will serve as interim CEO.
