Kroger CEO Rodney McMullen resigns amid ethics probe; Ronald Sargent appointed interim CEO

Rodney McMullen, CEO of Kroger, has resigned following an internal investigation that found his personal conduct inconsistent with the company's business ethics policy. The board became aware of concerns regarding his behavior on February 21, 2025, leading to an immediate investigation by independent counsel. Despite the circumstances of his departure, Kroger emphasized that his conduct did not affect the company's financial performance or involve any employees. Ronald Sargent, a long-time board member, has been appointed as interim CEO while a search for a permanent replacement is underway. McMullen's resignation comes on the heels of Kroger's failed $25 billion merger with Albertsons, which has raised further scrutiny about his leadership. Following the announcement, Kroger's stock fell by approximately 1%, reflecting investor uncertainty about the company's future direction.