Rodney McMullen, the chairman and CEO of Kroger, has resigned after the grocery chain’s board led an internal investigation into his “personal conduct,” NPR reported.
“The Kroger Co. (NYSE: KR) today announced that Chairman and Chief Executive Officer Rodney McMullen has resigned from the Company following a Board investigation of his personal conduct that, while unrelated to the business, was inconsistent with Kroger's Policy on Business Ethics,” Kroger announced on Monday. The company added that the board was “made aware of certain personal conduct” by McMullen on Feb. 21 and “immediately retained outside independent counsel to conduct an investigation.” McMullen’s conduct “is not related to the Company's financial performance, operations or reporting, and it did not involve any Kroger associates.”
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