Kroger Appoints New CFO Amid Economic Challenges

The Kroger Co. has appointed David Kennerley as its new Chief Financial Officer (CFO), effective April 3, 2025, succeeding interim CFO Todd Foley, who will retire after the transition. Kennerley, currently the senior VP and CFO for PepsiCo Europe, brings over two decades of financial expertise to Kroger, having held various senior roles in PepsiCo's global finance and commercial divisions since 2001. This strategic appointment comes at a time when Kroger faces rising food prices, supply chain challenges, and changing consumer demands. Kennerley's extensive experience in strategic pricing and supply chain management at PepsiCo positions him well to help Kroger navigate these economic challenges. He will join Kroger on March 10 as senior VP, with Foley continuing as interim CFO through the end of Kroger's fiscal 2024 reporting cycle. Kennerley's arrival is part of Kroger's ongoing efforts to maintain affordability and growth in a challenging market environment.