Kroger CEO Rodney McMullen has resigned following an internal investigation into his personal conduct, which the company stated was inconsistent with its Policy on Business Ethics. The abrupt resignation was announced on March 3, 2025, by Kroger, America's largest grocery chain.

The investigation began after Kroger's board became aware of specific concerns regarding McMullen's behavior on February 21, prompting an external inquiry overseen by independent counsel. Kroger emphasized that the findings of the investigation were unrelated to the company's business operations, financial performance, or any Kroger employees. In the wake of McMullen’s exit, Ronald Sargent, a veteran board member since 2006, has been appointed as the interim CEO and Chairman.

McMullen’s career with Kroger spans nearly five decades, beginning in 1978 as a part-time stock clerk. He rose through the company ranks, serving as chief financial officer and chief operating officer before being named CEO in 2014 and taking over as Chairman the following year. Under his leadership, Kroger's revenue increased significantly, and the company acquired notable regional supermarket chains such as Harris Teeter.

The resignation comes just months after Kroger's attempt to merge with rival Albertsons was halted due to regulatory challenges. Analysts speculate that this leadership change could further complicate the company's position during a turbulent period marked by the failed merger, which had raised concerns about reduced competition and increased prices in the grocery sector according to CBS News.

Kroger's stock price was reported to have dipped nearly 3% following the announcement of McMullen's resignation. The company is now in the process of searching for a permanent CEO to guide its long-term strategy and operations moving forward. Kroger is scheduled to report its fourth-quarter earnings, and investors will be keen to observe how this leadership transition impacts future performance as noted by Newsweek.

For further details, check out the full article on HuffPost.