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.
Albertsons CEO also out after failed merger with Kroger
Kroger CEO's resignation comes at crucial time for grocery chain
Kroger board member Ron Sargent is taking the helm at the nation’s largest supermarket chain as questions about former CEO Rodney Mullen continue.
Kroger Profit Outlook Disappoints Following CEO Exit
Kroger gave a disappointing profit forecast for the year, just days after the resignation of its longtime chief executive.The detailsKroger said its quarterly sales fell about 7% to $34 billion, below what Wall Street analysts were expecting.
'Looking at both': Kroger will consider outside and internal candidates for next CEO
Kroger reported 2024 sales results that were lower than Wall Street forecasts on Thursday, but the grocer predicted sales would pick up in 2025.
Kroger ousts long-time CEO after probe into personal conduct
Kroger CEO Rodney McMullen has resigned following a board investigation that found his personal conduct to be inconsistent with company policies, the U.S. grocery giant announced this week
Kroger Stock Jumps, as Better-than-Estimated Earnings Offset Soft Outlook
KEY TAKEAWAYS Kroger shares are jumping Thursday morning as the grocery chain's better-than-expected quarterly earnings offset a soft outlook.The grocery chain said earlier this week that CEO and Chairman Rodney McMullen had resigned after a probe on his personal conduct.
Kroger gives upbeat outlook while questions swirl around CEO
Kroger is seeking a new path forward after the company said its long-tenured chief executive officer, Rodney McMullen, resigned following the board’s investigation into his personal conduct.
Kroger Chairman and CEO resigns following investigation into personal conduct
Rodney McMullen, Kroger chairman and CEO, is stepping down after an internal investigation into his personal conduct.
Kroger 4Q Sales Decline Beyond Estimates, Results Come Days After McMullen's Sudden Departure
The Cincinnati company's results come just days after the abrupt resignation of long-time Chief Executive Officer and Chairman Rodney McMullen over personal conduct. They're also the first since a federal judge blocked a $20 billion deal to takeover smaller rival Albertsons.