Outgoing Kroger CEO Rodney McMullen lost $11 million in bonus and stock payments when he resigned from the grocery chain
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Kroger 4Q Sales Decline Beyond Estimates, Results Come Days After McMullen's Sudden Departure
The Cincinnati company's results come just days after the abrupt resignation of long-time Chief Executive Officer and Chairman Rodney McMullen over personal conduct. They're also the first since a federal judge blocked a $20 billion deal to takeover smaller rival Albertsons.
Kroger CEO Rodney McMullen resigns following probe of personal conduct
Mr. McMullen’s conduct is not related to the company’s financial performance, operations or reporting, and it did not involve any Kroger associates,” the company said.