Source: Grocery Dive
Kroger has been a near-constant lightning rod for attention ever since it announced plans to buy Albertsons more than a year ago, but one of the most electrifying updates surrounding the supermarket giant since it announced the deal struck this week.
On Monday afternoon, Kroger announced that Gary Millerchip — its high-profile CFO and one of the top executives driving its merger plan — had suddenly decided to leave the company, but didn’t say where he was heading. By the time Wall Street opened the next morning, the mystery was over: Millerchip is going to Costco, where he will take over as finance chief on March 15.
The differences in the way Kroger and Costco revealed details about Millerchip’s move were stark.