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.

  • IamSparticlesEnglish
    1·
    5 hours ago

    McMullen’s personal conduct was unrelated to the business, but was found to be inconsistent with its business ethics policy.

    So it’s business ethics related. My guess: bribing someone or engaging in blatant talks about anti-competitive behavior. The merger with Albertsons was just recently killed, so it might be related to that. Nothing that rises to the level of outright illegal, because he didn’t actually act on it (didn’t get a chance?). But it definitely creates a problem for the company.