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.
California, Oregon, Illinois and five other U.S. states have asked a U.S. judge to award them legal fees for winning an order ...
Rodney McMullen and Vivek Sankaran tried mightily to bring their companies together. Now they’re leaving behind retailers on ...
Kroger board member Ron Sargent is taking the helm at the nation’s largest supermarket chain as questions about former CEO ...
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McMullen, 64, earned $15.7 million in 2023. The compensation included nearly $673,000 in performance-based incentive pay, ...
Kroger is seeking a new path forward after the company said its long-tenured chief executive officer, Rodney McMullen, ...
Despite inflation, shoppers aren’t cutting back that much on purchases, the analyst said, a positive in Kroger’s favor.
Despite Kroger's forecast for inflation of 1.5% to 2.5% in 2025 - a projection that does not include the potential impact of tariffs - the company said it sees a path to keep prices low for consumers.
The grocery chain gave a disappointing profit forecast for the year, days after the abrupt resignation of its longtime CEO.
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