Kroger CEO Rodney McMullen is resigning following a probe into his personal conduct, the grocery chain said in a press release Monday.
McMullen, who was both the chairman and CEO, is out after a company board investigation found that his personal conduct, "was inconsistent with Kroger's Policy on Business Ethics," the company said on Monday. Yet his behavior was unrelated to business, Kroger added in the statement announcing his resignation.
Ron Sargent, Kroger's lead director, will serve as the interim chairman of the board of directors and CEO, effective immediately, the company said.
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