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Kroger names PepsiCo exec as new CFO

Kroger has appointed Todd Foley, a former PepsiCo executive, as its new Chief Financial Officer, effective July 15, 2024. Foley, who has over 25 years of experience in finance, strategy, and operations, most recently served as the Senior Vice President and Chief Strategy Officer at PepsiCo, where he was instrumental in driving the company's strategic initiatives. His appointment comes as Kroger aims to enhance its financial strategy and operational efficiency, especially in light of its ongoing merger discussions with Albertsons. Foley replaces Gary Millerchip, who left Kroger to join C&S Wholesale Grocers. This leadership change is part of Kroger's broader strategy to strengthen its market position and navigate the complexities of the retail grocery sector.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/executive-leadership-and-management/kroger-names-pepsico-exec-as-new-cfo/ar-AA1z3a37 ]