## Kroger to consider both internal and external candidates for CEO role after sudden resignation

Kroger will consider both internal and outside candidates to replace CEO Rodney McMullen who resigned abruptly last week, interim CEO Ron Sargent told Wall Street analysts in a conference call.

"WE ARE GOING TO LOOK AT BOTH ... BUT I THINK MOSTLY WE'LL BE FOCUSING ON IDENTIFING THE RIGHT LEADER TO DRIVE KROGER'S GROWTH," SARGENT SAID, ADDING: "I AM PRAISING THE COMPANY'S ENDURING VALUES."

Sargent's remarks came as Kroger reported 2024 sales results that were lower than Wall Street forecasts on Thursday, but the grocer predicted sales would pick up in 2025.

Kroger reported a profit of $2.7 billion last year on $147.1 billion in sales in 2024, beating analysts’ profit estimates for both the latest quarter and the fiscal year. Kroger also said it recorded a robust $634 million in earnings on $34.3 billion in sales in the fourth quarter.

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