Kroger names new CEO
by Staff reports
October 07, 2013 12:00 AM | 491 views | 0 0 comments | 1 1 recommendations | email to a friend | print
Kroger CEO David Dillon will retire from that post when the new year begins, but will stay on for another year as chairman. President and Chief Operating Officer W. Rodney McMullen will step into the CEO role as part of its long-term succession plan.

Dillon's retirement is effective Jan. 1, which is also when McMullen will take over the CEO position. Kroger is one of Cobb's top employers and has locations across the county. The nation's largest traditional supermarket operator said that the Dillon, 62, will continue to serve as chairman through Dec. 31, 2014. He's served as CEO since 2003.

McMullen, 53, has served as president and COO since 2008 and as a board member since 2003. He's held a variety of roles at Kroger, including vice chairman and chief financial officer. His successor will be named at a later date.

In September, Kroger Co. reported that its second-quarter profit climbed as it booked lower charges and tried to build shopper loyalty with improved offerings. Kroger, which also owns also Ralphs, Fry's and other chains, is based in Cincinnati. Like other supermarket companies, Kroger is trying to adapt to a shifting industry. Shoppers are increasingly getting groceries at big-box retailers like Target, drugstores and dollar stores that have expanded their food sections. Specialty chains such as Whole Foods are playing a greater role, too.

- from staff and wire reports

To keep pace, Kroger has worked on shortening checkout wait times, expanded its store-brand lineup and invested in making its loyalty program more sophisticated. The company also recently bought Harris Teeter, a regional grocer that has locations in eight states.

Kroger shares slipped 23 cents to close at $40.76. Its shares earlier in the day set a new 52-week high of $41.14 ]]>
Comments
(0)
Comments-icon Post a Comment
No Comments Yet
*We welcome your comments on the stories and issues of the day and seek to provide a forum for the community to voice opinions. All comments are subject to moderator approval before being made visible on the website but are not edited. The use of profanity, obscene and vulgar language, hate speech, and racial slurs is strictly prohibited. Advertisements, promotions, and spam will also be rejected. Please read our terms of service for full guides