Kroger, Albertsons
· 10h
Kroger, Albertsons CEOs both leaving their roles after failed $25B acquisition
Albertsons CEO to step down after Kroger merger fails. What he says about grocer’s future
The announcement Monday came the same day that Kroger’s CEO, Rodney McMullen, resigned after an investigation by the Cincinnati grocery company’s board into his “personal conduct.” That undisclosed conduct, “while unrelated to the business, was inconsistent with Kroger’s Policy on Business Ethics,” Kroger said in a news release.
· 23h
Albertsons CEO also out after failed merger with Kroger
Kroger board member Ron Sargent is taking the helm at the nation’s largest supermarket chain as questions about former CEO Rodney Mullen continue.
Hosted on MSN1h
Kroger CEO Resigns Amid Ethics Investigation, Company Affirms No Impact on Operations or ReportingKroger Chairman and CEO Rodney McMullen has resigned following an internal investigation into his personal conduct, which violated the company’s business ethics policy. The grocery chain stated that the matter was unrelated to its financial performance,
Rodney McMullen, Kroger chairman and CEO, is stepping down after an internal investigation into his personal conduct.
In December, federal and state courts blocked the attempted merger between two of Colorado’s grocery store giants: Albertsons (Safeway) and Kroger (King Soopers, City Market). The merger was challenged by the Federal Trade Commission
Under his leadership, Kroger has positioned itself as a formidable competitor to Walmart, Amazon, and other grocery giants.
The grocery chain said it had investigated its chief executive, Rodney McMullen, and found that his actions were “inconsistent” with its business ethics policy.
The conduct is not related to financial performance, operations or reporting, and it did not involve any Kroger associates, the company said.
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