Despite inflation, shoppers aren’t cutting back that much on purchases, the analyst said, a positive in Kroger’s favor.

Kroger appointed lead director Ronald Sargent as interim CEO, replacing its 10-year veteran leader after a failed merger with Albertsons.

As CEO Rodney McMullen announced his resignation, same-store sale growth lagged behind competition and its proposed merger with Albertsons fell through. On Monday before market open, the company announced McMullen would be stepping down immediately "following a Board investigation of his personal conduct that,

Susan Morris, Albertsons chief operating officer, testified in the state of Colorado’s case attempting to stop the merger of Kroger and Albertsons. Albertsons, the parent company of Safeway, will soon have a new CEO who’s grocery career began in Denver.

In December, federal and state courts blocked the attempted merger between two of Colorado’s grocery store giants: Albertsons (Safeway) and Kroger (King Soopers, City Market). The merger was challenged by the Federal Trade Commission

Albertsons Chief Executive Officer Vivek Sankaran, who sparred with regulators over the grocery chain's deal to merge with Kroger, is stepping down. Susan Morris, Albertsons' operating chief, will succeed Sankaran,

Kroger CEO Rodney McMullen resigned from his post on Monday, weeks after a merger with Albertsons fell through.

US supermarket chain Kroger has said that chief executive and chair Rodney McMullen has stepped down after a board investigation found his personal conduct was “inconsistent” with its policy on business ethics.

Kroger board member Ron Sargent is taking the helm at the nation’s largest supermarket chain as questions about former CEO Rodney Mullen continue.

In the wake of Kroger CEO Rodney McMullen’s resignation following a board investigation of his personal conduct that was unrelated to the business but was inconsistent with the company’s policy on business ethics, the grocery giant has turned to a retail veteran to provide leadership.

Under his leadership, Kroger has positioned itself as a formidable competitor to Walmart, Amazon, and other grocery giants.