Kroger Names New President and COO, Completing Succession Plan
After announcing its CEO succession plan on Sept. 20, in conjunction with news of the pending retirement of longtime Kroger veteran and CEO David Dillon effective Jan. 1, Kroger said in a statement today it has promoted Michael Ellis to president and COO beginning Jan. 1, rounding out its senior management team.
Ellis, prior to his current role as senior vice president of Retail Divisions, was president of Fred Meyer for six years, Kroger's highest revenue-generating unit, according to the company. Kroger closed the $8 billion, all-stock deal for Fred Meyer in 1999. Counting his tenure with Fred Meyer, Ellis has spent 38 years with Kroger, the company said in its statement, beginning as a clerk in 1975.
Ellis replaces former Kroger president and COO Rodney McMullen, who will take over for Dillon as CEO on Jan. 1. Ellis' appointment is subject to approval from the Kroger board of directors, which will be voted on at its next board meeting, scheduled for December.
Dillon commented on the promotion of Ellis, saying, "Mike's broad-based experience on both the food and general merchandise sides of our business make him a great fit for this role."
The article Kroger Names New President and COO, Completing Succession Plan originally appeared on Fool.com.
Fool contributor Tim Brugger has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
