Albertsons CEO to step down

Kroger, Albertsons CEOs both leaving their roles after failed $25B acquisition
The CEOs of both Kroger Co. and Albertsons Companies Inc., the two grocery giants that were involved in a failed mega-acquisition attempt, are both leaving their respective companies. Cincinnati-based Kroger announced Monday morning that Rodney McMullen resigned from the company “following a board investigation of his personal conduct that,
Albertsons CEO also out after failed merger with Kroger
Albertsons said on Monday that its CEO Vivek Sankaran would be retiring and insider Susan Morris would assume the role, effective May 1.
Albertsons CEO to step down after Kroger merger fails. What he says about grocer’s future
The announcement Monday came the same day that Kroger’s CEO, Rodney McMullen, resigned after an investigation by the Cincinnati grocery company’s board into his “personal conduct.” That undisclosed conduct, “while unrelated to the business, was inconsistent with Kroger’s Policy on Business Ethics,” Kroger said in a news release.
Why the merger between Kroger and Albertsons was blocked by federal and state courts
In December, federal and state courts blocked the attempted merger between two of Colorado’s grocery store giants: Albertsons (Safeway) and Kroger (King Soopers, City Market). The merger was challenged by the Federal Trade Commission
THE FRIDAY 5: New CEOs at Kroger, Albertsons; The Looming Threat of Tariffs
Ron Sargent, lead director of Kroger’s board of directors, was appointed to serve as CEO and chairman of the board on an interim basis. During the company’s Q4 earnings call this week, Sargent said Kroger has hired a nationally recognized search firm and will look at internal and external candidates to replace McMullen on a permanent basis.
Kroger and Albertsons, Colorado’s largest grocery chains, are both replacing their CEOs
The leadership changes come just a few months after a federal judge temporarily halted a proposed merger between Kroger and Albertsons.
Kroger to Report Earnings After CEO Resignation, Merger Failure
The supermarket giant continues to push various growth initiatives despite higher grocery prices hitting the pocketbooks of consumers.
US states seek legal fees from lawsuit challenging Kroger-Albertsons merger
California, Oregon, Illinois and five other U.S. states have asked a U.S. judge to award them legal fees for winning an order ...
The Friday Checkout: Exits of Kroger and Albertsons chiefs tell a tale of two grocers
Rodney McMullen and Vivek Sankaran tried mightily to bring their companies together. Now they’re leaving behind retailers on ...
Kroger CEO's resignation comes at crucial time for grocery chain
Kroger board member Ron Sargent is taking the helm at the nation’s largest supermarket chain as questions about former CEO ...
Ex-CEO of Kroger Rodney McMullen forfeits $11.2M pay package after exiting over ‘personal conduct’
McMullen, 64, earned $15.7 million in 2023. The compensation included nearly $673,000 in performance-based incentive pay, ...
Kroger gives upbeat outlook while questions swirl around CEO
Kroger is seeking a new path forward after the company said its long-tenured chief executive officer, Rodney McMullen, ...
Analyst offers outlook on Kroger’s stock, earnings in wake of Albertsons deal cancellation
Despite inflation, shoppers aren’t cutting back that much on purchases, the analyst said, a positive in Kroger’s favor.
Albertsons appoints insider to top role as CEO Vivek Sankaran to retire
Albertsons said on Monday its CEO Vivek Sankaran will retire and insider Susan Morris would assume the top role, as the ...
Supermarket giant Kroger says egg prices jumped 70% - but it'll handle inflation from tariffs better than others
Despite Kroger's forecast for inflation of 1.5% to 2.5% in 2025 - a projection that does not include the potential impact of tariffs - the company said it sees a path to keep prices low for consumers.