CINCINNATI — Kroger on Friday announced its board of directors' long-term CEO succession plan.
David Dillon, 62, a 37-year Kroger veteran who has been serving as CEO since 2003, will retire as CEO on Jan. 1, 2014, while continuing to serve as chairman — Dillon will serve as chairman through Dec. 31, 2014.
Rodney McMullen, 53, Kroger's president and COO, will succeed Dillon. McMullen joined Kroger in 1978 on a part-time basis on a stock crew and has been president and COO since 2009 and a director since 2003. He previously held a variety of senior management positions including vice chairman; EVP strategy, planning and finance; and CFO.
"As Kroger implements its strategic growth initiatives, the time is right for the transition of leadership," Dillon said. "Rodney has played a leadership role in every major decision Kroger has made for the past 25 years, including the development and implementation of Kroger's Customer 1st approach as well as our current growth strategy. He is ready to be CEO."
McMullen's successor will be named at a later date.
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