June 15, 2012
This June 12, 2012, photo shows the Kroger sign over the company's grocery store in Dearborn, Mich. Kroger also operates Dillons, Gerbes, Ralphs, Food 4 Less and Fred Meyer stores.
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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.
Kroger, already the country’s largest traditional supermarket operator, is expanding its reach in key southeastern and mid-Atlantic states by snapping up regional grocer Harris Teeter Supermarkets Inc.
The Kroger Co. is forecasting a rosier year after its customer-loyalty programs helped boost net income in the first quarter.
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