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Kroger's ex-CEO forfeited more than $11 million in bonus and stock payments when he resigned. Rodney McMullen still had hundreds of millions in Kroger stock, according to the filings.
Kroger Co (NYSE:KR) is gathering attention this morning, after CEO Rodney McMullen suddenly resigned amid an investigation into his personal conduct.
U.S. grocer Kroger said on Monday CEO Rodney McMullen has resigned after a board investigation found that his personal conduct was “inconsistent” with certain company policies.
KR's fourth-quarter earnings are likely to have faced pressure from soft consumer spending, rising costs and competitive pressures.
Kroger Co has announced the resignation of long-term chief executive and chair Rodney McMullen following an investigation into his personal conduct. A probe found McCullen's personal conduct was inconsistent with Kroger's “policy on business ethics,” the retailer said on Monday.
Grocery giant Kroger said Monday (March 3) that Chairman and CEO Rodney McMullen resigned from the company after a board investigation of his personal conduct. The company did not specify the personal conduct but said in a press release that it “while unrelated to the business, was inconsistent with Kroger's Policy on Business Ethics.
Kroger (KR) shares are falling more than 1% Monday morning after the grocery chain said that CEO and Chairman Rodney McMullen has resigned after a probe on his personal conduct.
The company said it was made aware of “certain personal conduct” by McMullen on Feb. 21 and immediately obtained independent counsel to launch an investigation.
Evaluate the expected performance of Kroger (KR) for the quarter ended January 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Kroger has abruptly replaced its CEO, the grocery chain said on Monday. Rodney McMullen resigned and will be replaced by Ronald Sargent.