Leadership Change at Kroger
CINCINNATI — Big changes are on the horizon for The Kroger Co. as David Kennerley, an accomplished finance executive with a rich background from PepsiCo Europe, is stepping in as the new senior vice president and chief financial officer.
He will take on this vital position after Todd Foley, who has been serving in an interim capacity, retires.
Transition Details
Kennerley is set to officially join Kroger on March 10, with Foley remaining on board as interim CFO until the end of the fiscal 2024 reporting cycle.
Kennerley’s official start date as CFO will be April 3, according to Kroger, the well-known supermarket chain headquartered in Cincinnati.
Foley, who has been at the helm as interim CFO since February of last year, took over after Gary Millerchip moved on to a significant role at Costco Wholesale Corp. His leadership has been crucial during this transitional phase.
Experience and Expertise
Rodney McMullen, chairman and CEO of Kroger, shared his excitement about Kennerley’s appointment, highlighting his vast experience in leading various finance teams.
This expertise has resulted in substantial value creation for shareholders throughout Kennerley’s nearly 25-year tenure at PepsiCo.
Since March 2020, Kennerley has led the financial operations at PepsiCo Europe.
His journey with the company began back in 2001 when he took a managerial role in international corporate finance and treasury for Western Europe.
Over the years, Kennerley climbed the ranks, serving as the business development director for the UK market and later as the senior finance director for the Global Beverages Group in 2011.
He then transitioned to North America, where he honed his abilities in commercial finance before advancing to senior vice president of finance for North American bottling.
This transition is an exciting opportunity for both Kroger and Kennerley, who brings a wealth of knowledge and a proven record of achievements to the supermarket leader.
Source: Foodbusinessnews