Government waste, dogs, inflation
The company announced Monday that Rodney McMellen, CEO of Kroger, had resigned.
Kruger said in a statement that the supplement's behavior is “unrelated to trade” but still “conflict with Kruger's policy on business ethics.” Removed McMolen Months after Kruger's finish A $ 25 billion integration With Albertson led by him. Albertsons sued Kruger for breaking the contract and said they tank the deal.
“On February 21, the Board of Directors became aware of his personal behavior by Mr. McMullen and was immediately preserved outside of an independent consultant to conduct investigations, which was monitored by a special board of directors. Mr McMullen's behavior is not related to the financial performance of the company, operations or reporting,” the company said.
Ronald Sarjant has now been appointed chairman and interim chief executive at McMolen's site.
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Rodney McMullen, CEO of Kroger Company, during Bloomberg's television interview in New York, the United States. (Jeenah Moon / Bloomberg through Getty Images / Getty Images)
“As a interim managing director, I am committed to working with my experienced management team and experienced colleagues and colleagues to ensure that Kruger still offers exceptional value to his customers,” Sarjant said in a statement.
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“Kroger has been a special place during my retail after spending summer at college at stores as well as the first ten years after the business school at the company's headquarters.
On Monday, Kroger CEO, Rodney McMullen resigned. (Photographer: Shelby Tauber / Bloomberg through Getty Images / Getty Images)
Sarjant has been a Kroger manager since 2006 and has served as Kroger's chief executive since 2017. He spent his first 10 years of career in Kroger and worked in several roles in stores, sales, marketing, production and strategy. Kroger says Sarjant is an operator and retail leader with 35 years of experience, including as chairman and CEO of Staples, Inc.
A distributed image of Kroger and Albertsons stores. The merger agreement between the two companies failed last year. (Kroger: Charles Bertram/Lexington Herald-Leader/Tribune News via Giti Pictures | Albertson: Shelby Tabr/Bloomberg via Gett Pictures/Getty Pictures)
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The Kroger-Albertsons deal was the biggest integration in the history of the food industry.
Reuters was involved in this report.