Kroger CEO Rodney McMullen Resigns Following Ethics Investigation

McMullen steps down after a probe into personal conduct unrelated to company operations or financial performance.

Rodney McMullen, Kroger's CEO since 2014, resigned after an investigation found his personal conduct violated the company's ethics policy.
The investigation, initiated on February 21, was conducted by independent counsel and overseen by a special board committee.
The conduct in question did not involve Kroger employees or impact the company’s financial performance, operations, or reporting.
Ronald Sargent, a veteran Kroger board member and former Staples CEO, has been named interim CEO and chairman.
Kroger’s board has launched a search for a permanent CEO, while the company prepares to report its fourth-quarter earnings later this week.