Kroger CEO Rodney McMullen resigns over ethics policy violation
Kroger CEO Rodney McMullen resigned immediately after an internal investigation found his conduct inconsistent with company ethics policies. Ronald Sargent was appointed interim CEO. McMullen had led Kroger to significant revenue growth and acquisitions but faced controversy after abandoning a merger with Albertsons, leading to a lawsuit and a 3% drop in Kroger's stock.
Kroger CEO Rodney McMullen resigned immediately after an internal investigation found his conduct inconsistent with company ethics policies. Ronald Sargent was appointed interim CEO. McMullen had led Kroger to significant revenue growth and acquisitions but faced controversy after abandoning a merger with Albertsons, leading to a lawsuit and a 3% drop in Kroger's stock.
