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 W. 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.