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The ratio of former CEO Rodney McMullen's pay to the median Kroger worker pay, as required to be reported by the government, was 457 to 1.
Between the abrupt March resignation of CEO Rodney McMullen and other departures, Kroger has had the biggest changes among its executives since 2021.
Rodney McMullen, the now-former CEO of supermarket chain Kroger, had to forfeit more than $11.2 million in compensation. Bloomberg via Getty Images McMullen, 64, earned $15.7 million in 2023.
The ratio of former CEO Rodney McMullen's pay to the median Kroger worker pay, as required to be reported by the government, was 457 to 1.
Kroger CEO Rodney McMullen saw his pay drop 18% in 2023 $15.5 million, according to a corporate filing Wednesday.
Kroger cuts CEO’s pay as company’s performance weakens Rodney McMullen’s compensation in fiscal year 2023 fell by $3.5 million, to $15.7 million, largely due to a sharply lower bonus.
Kroger on Monday said its longtime chief executive Rodney McMullen has stepped down after a probe into his personal conduct revealed inconsistencies with the grocery chain’s ethics policy.
Kroger CEO Rodney McMullen saw his pay drop 18% in 2023 $15.5 million, according to a corporate filing Wednesday.
Kroger paid CEO McMullen $15.6M before his resignation. His pay was 457 times the median employee's, but he forfeited unvested stock options.
Kroger CEO Rodney McMullen is resigning immediately from the grocery store chain following an investigation that found his personal conduct was “inconsistent” with the company’s ethics policies.
The ratio of former CEO Rodney McMullen's pay to the median Kroger worker pay, as required to be reported by the government, was 457 to 1.
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