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KROGER ANNOUNCES EXECUTIVE CHANGES
CINCINNATI, Ohio, June 25,
2009 – The Kroger Co. (NYSE: KR)
today announced President and
Chief Operating Officer Don
McGeorge’s decision to retire
and the election by Kroger’s
Board of Directors of W. Rodney
McMullen as President and Chief
Operating Officer of the
Company.
“Don is a rare executive who
combines strong strategic and
merchandising skills with a deep
respect for his fellow
associates,” said David B.
Dillon, Kroger’s Chairman and
Chief Executive Officer.
Mr. McGeorge, 55, began his
distinguished 32-year career
with Kroger as a store
co-manager in Louisville. He
went on to serve as President of
Kroger’s Michigan and Columbus
Divisions and was later named
Executive Vice President,
responsible for all sales and
merchandising, before being
elected to his current role in
2003.
During his career, Mr. McGeorge
spearheaded the development of
Kroger’s three-tier corporate
brands strategy and was an
integral part of the team that
led the centralization of
procurement, merchandising and
category management to leverage
Kroger’s economies of scale.
Both Mr. McGeorge and Mr.
McMullen have been part of the
leadership team that has helped
create Kroger’s success, Mr.
Dillon said. In order to
facilitate a smooth transition,
Mr. McGeorge will work closely
with Kroger until late in the
year. He has been elected
Special Advisor to the CEO and
will remain on Kroger’s Board of
Directors during that time.
Mr. McMullen will assume the
responsibilities of President
and Chief Operating Officer on
August 1, 2009. He was elected
to his current role as Vice
Chairman in 2003.
“Rodney has played a key role in
developing Kroger’s Customer 1st
and Associate 1st strategies,”
Mr. Dillon said. “We look
forward to his insightful
leadership of Kroger’s diverse
operations as he assumes his new
role.”
Mr. McMullen joined Kroger in
1978 as a part-time store clerk.
He has since held positions of
increasing responsibility,
including Corporate Controller,
Chief Financial Officer and
Executive Vice President of
Strategy, Planning and Finance.
In his current role, Mr.
McMullen’s responsibilities
include strategic initiatives,
business planning, customer
research, finance, corporate
technology, real estate,
logistics, fuel initiatives and
the Company’s convenience and
jewelry stores.
“I consider it a privilege to
work with the great team of
associates we have in all areas
of our Company. I appreciate
Don’s support as we make this
transition and I look forward to
working with Dave and our entire
team as we build on Kroger’s
success,” said Mr. McMullen, 48.
Kroger, one of the nation’s
largest retail grocery chains,
employs more than 326,000
associates who serve customers
in 2,475 supermarkets and
multi-department stores in 31
states. Kroger operates stores
under two dozen local banner
names including Kroger, Ralphs,
Fred Meyer, Food 4 Less, Fry’s,
King Soopers, Smith’s, Dillons,
QFC and City Market. In
addition, Kroger associates
serve customers in 764
convenience stores, 387 fine
jewelry stores and 798
supermarket fuel centers the
Company operates. Kroger also
operates 40 food processing
plants in the U.S. Headquartered
in Cincinnati, Ohio, Kroger
focuses its charitable efforts
on supporting hunger relief,
health and wellness initiatives,
and local schools and grassroots
organizations in the communities
it serves. For more information
about the Company, please visit www.kroger.com.
# # #
| Kroger Contacts:
Media: Meghan Glynn
(513) 762-1304
Investor: Carin Fike
(513) 762-4969
|
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