Kroger CEO Dillon to retire in January

CINCINNATI — Kroger CEO David Dillon will retire from that post when the new year begins but will stay on for another year as chairman. President and Chief Operating Officer Rodney McMullen will step into the CEO role as part of its long-term succession plan.

Dillon’s retirement is effective on Jan. 1, which is also when McMullen will take over the CEO position.

The nation’s largest traditional supermarket operator said Friday that the Dillon, 62, will continue to serve as chairman through Dec. 31, 2014. He’s served as CEO since 2003.

McMullen, 53, has served as president and COO since 2008 and as a board member since 2003. He’s held a variety of roles at Kroger, including vice chairman and chief financial officer. His successor will be named at a later date.

Last week Kroger Co. reported that its second-quarter profit climbed as it booked lower charges and tried to build shopper loyalty with improved offerings.

Kroger, which owns Fred Meyer and QFC and other chains, is based in Cincinnati.

Like other supermarket companies, Kroger is trying to adapt to a shifting industry. Shoppers are increasingly getting groceries at big-box retailers like Target, drugstores and dollar stores that have expanded their food sections. Specialty chains such as Whole Foods are playing a greater role, too.

To keep pace, Kroger has worked on shortening checkout wait times, expanded its store-brand lineup and invested in making its loyalty program more sophisticated. The company also recently bought Harris Teeter, a regional grocer that has locations in eight states.

Kroger shares slipped 23 cents to close at $40.76. Its shares earlier in the day set a new 52-week high of $41.14.

More in Herald Business Journal

Best foot forward: Ferndale company to make custom shoes easy

Long specializing in insoles, Superfeet is putting 3-D machines in stores to make customized shoes.

Alaska Airlines will fly from Everett to 8 West Coast cities

Two destinations that didn’t make the list were Spokane and Hawaii.

Port of Everett CEO Les Reardanz has been called up and will be spending much of the year away from his office. He is going to Afghanistan. (Dan Bates / The Herald)
Port of Everett CEO reporting for duty — in Afghanistan

Les Reardanz has been called to active duty with the Navy for an eight-month deployment.

Early boarding pass: Everett’s rising passenger terminal

Here’s what to expect when two airlines begin passenger service at Paine Field later this year.

Trump’s company fights efforts to shed the president’s name

“Our homes are worth more without the Trump name.”

Western group asks Congress for pot biz protection

The group represents Washington, Oregon, Alaska, Hawaii, Montana and Arizona.

Airbus floats shutdown of A380 superjumbo

The aircraft is so big that some airports had to expand runways to accommodate the 550-seat plane.

Closing of 63 Sam’s Club stores impacts small business

The retailer has historically prided itself on the services it has provided small business members.

Ford goes ‘all in’ on electric cars with $11 billion investment

That’s up from the $4.5 billion that Ford said in late 2015 it would invest through the end of the decade.

Most Read