By Mark Hamstra Source: Supermarket News Kroger’s next CEO will be the first in the company’s 143-year history to be selected from outside the company, the retailer’s top human resources executive told a local media outlet. Tim Massa, chief people officer at Cincinnati-based Kroger, said that selecting the “first-ever external [...]
By Sarina Trangle Source: Investopedia Kroger had big merger plans. Now that those are off, one research team says the grocery chain needs to stack its team with people who can help Kroger contend with Walmart. A Walmart alum might be particularly well-suited to help Kroger meet the moment, Melius [...]
By Sarina Trangle Source: Investopedia Kroger had big merger plans. Now that those are off, one research team says the grocery chain needs to stack its team with people who can help Kroger contend with Walmart. A Walmart alum might be particularly well-suited to help Kroger meet the moment, Melius [...]
Source: Retail Customer Experience The Albertsons Companies, Inc. has announced a CEO succession plan that will place Susan Morris, now EVP and chief operations officer, in the role of CEO following the retirement of current CEO Vivek Sankaran. Sankaran's retirement is effective May 1, according to a press release. Between [...]
By Molly Cruse Source: CPR News The chairman and CEO of Kroger, the nation’s largest grocery store chain and the parent company of King Soopers and City Market, resigned this week after an internal investigation into his personal conduct. Rodney McMullen became Kroger’s CEO in 2014 and oversaw the company’s [...]
Source: Reuters Some United Food and Commercial Workers (UFCW) local unions on Friday urged Kroger's board to replace CEO Rodney McMullen following the company's announcement of a $7.5 billion stock buyback plan after terminating a deal to buy Albertsons. The UFCW local unions that led the "Stop the Merger coalition" [...]
By Catherine Douglas Moran and Sam Silverstein Source: Grocery Outlet Grocery Outlet announced Wednesday that President and CEO RJ Sheedy has left the company and resigned from its board of directors, effective immediately. Sheedy has served as president since 2019 and as CEO since the start of last year. “Sheedy’s [...]
By Peter Eavis Source: The New York Times Even in a gilded age for executive pay, 2020 was a blowout year. A comprehensive survey of the 200 highest-paid chief executives at public companies conducted for The New York Times by Equilar, an executive compensation consulting firm, revealed some of the biggest [...]