Form 8-K · Current Report · Filed 2025-02-13
Kroger Appoints David Kennerley as New CFO
On February 12, 2025, The Kroger Co. announced the appointment of David Kennerley as Senior Vice President and Chief Financial Officer, effective April 3, 2025. Kennerley, previously CFO for PepsiCo Europe, will join Kroger on March 10, 2025, as Senior Vice President. Todd Foley, the current Interim CFO, will continue in his role until April 3, 2025, and then remain as a Senior Vice President until his retirement at the end of the first quarter. Kennerley's compensation includes an annual base salary of $800,000, a potential annual incentive bonus of $800,000, a $1.35 million one-time cash bonus, $2.8 million in restricted shares, and potential long-term equity grants and performance unit awards totaling $3.1 million.
- Filer
- Kroger Co. KR · NYSE
- Filed
- Accession
- 0001104659-25-012963
- CIK
- 0000056873
- Signal
- High impactConsumer Defensive
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$65.80
Next session
-1.0%
Since filing
-12.2%
Latest close
$57.74
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Precedent
Previous filings from KR reporting the same item, with the next session's move:
Exhibits (1)
About Kroger Co.
Kroger Co., a leading grocery retailer in the United States, operates a vast chain of supermarkets and multi-department stores. With its origins tracing back to 1883, Kroger has grown to become one of the largest retail companies worldwide. The primary function of Kroger is to provide a wide range of food and grocery items, along with other essential goods and pharmacy services, to consumers across the nation. Known for its strong private label brands, Kroger offers products that cater to diverse dietary preferences and budgets. The company plays a pivotal role in the retail sector by maintaining an extensive supply chain network, which is crucial for ensuring food security and accessibility in numerous communities. In addition to its retail operations, Kroger is at the forefront of sustainability initiatives, incorporating environmentally responsible practices and focusing on reducing food waste. Its impact extends beyond groceries, influencing industries such as agriculture, transportation, and logistics, further underscoring its significance in the financial market.
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