Kroger Chairman and CEO Rodney McMullen is stepping down after an internal investigation into his personal conduct.

Kroger Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct.

Kroger, the nation’s largest grocery chain, said Monday that the investigation into McMullen’s personal conduct was unrelated to the business, but was found to be inconsistent with its business ethics policy.

Board member Ronald Sargent will serve as chairman and interim CEO, effective immediately.

  • partial_accumen@lemmy.world
    1·
    7 hours ago

    I have nothing to base this on, but I wonder if it is insider trading on the attempted Albertsons merger. Did he have stock that he dumped before the news broke at some specific time?

    • Nougat@fedia.io
      1·
      7 hours ago

      The conduct is not related to financial performance, operations or reporting, and it did not involve any Kroger associates, the company said.

      Maybe he played some fuck around with Albertson’s stock. If that was the case, Kroger’s statement above would remain true.