The Kroger Co. has announced the appointment of David Kennerley as its new Senior Vice President and Chief Financial Officer, effective April 3. Kennerley, who currently holds the position of Senior Vice President and CFO at PepsiCo Europe, will succeed Todd Foley, who has been serving as interim CFO since last February. This transition marks a significant milestone for Kroger, following an extensive search that spanned over a year. Foley will continue to support the company through the end of the fiscal year before retiring.

Kennerley's move to Kroger brings with it a wealth of experience in financial leadership. His tenure at PepsiCo Europe has equipped him with valuable insights into global markets and corporate finance. The decision to bring Kennerley on board aligns with Kroger's commitment to maintaining strong financial oversight and strategic planning. As part of the transition, Kennerley will join Kroger on March 10 as Senior Vice President, while Foley remains in his interim role until the end of the fiscal year reporting cycle. This structured approach ensures a smooth handover and continuity in the company's operations.

Rodney McMullen, Kroger’s Chairman and CEO, expressed confidence in the seamless transition between Kennerley and Foley. He emphasized that this change would not only support Kroger's go-to-market strategy but also enhance its ability to provide fresh, affordable food to families across America. The company remains focused on creating long-term shareholder value through strategic initiatives and operational excellence.

In recent years, Kroger has seen several changes in its leadership team. Last February, Gary Millerchip, formerly Kroger's CFO, joined Costco Wholesale Club as Executive Vice President and CFO. This shift led to Foley's promotion to interim CFO, a position he held with distinction for over a year. Foley joined Kroger in 2001 and has played a crucial role in shaping the company's financial strategies over two decades. His continued involvement during the transition period underscores Kroger's emphasis on stability and continuity.

The appointment of Kennerley signals Kroger's readiness to embrace new perspectives and expertise as it continues to evolve. With a seasoned professional at the helm of its financial operations, Kroger is well-positioned to navigate future challenges and opportunities. The company looks forward to leveraging Kennerley's background to further strengthen its market position and deliver sustained growth.