Kroger Announces David Kennerley as Incoming Chief Financial Officer
Kroger (NYSE: KR) has announced its CFO succession plan, with David Kennerley, currently senior vice president and CFO of PepsiCo Europe, appointed as the new Chief Financial Officer effective April 3. Kennerley will join Kroger on March 10, while current interim CFO Todd Foley will continue through the fiscal year 2024 reporting cycle and remain as senior vice president during the first quarter to ensure a smooth transition.
Foley, who joined Kroger in 2001, has served in various financial roles including audit manager, controller, vice president and treasurer before stepping into the interim CFO role in 2024. Kennerley brings nearly 25 years of experience from PepsiCo, where he has held various finance leadership positions across international markets since 2001, most recently serving as CFO for PepsiCo Europe since March 2020.
Kroger (NYSE: KR) ha annunciato il suo piano di successione per il CFO, nominando David Kennerley, attualmente vicepresidente senior e CFO di PepsiCo Europa, come nuovo Chief Financial Officer a partire dal 3 aprile. Kennerley si unirà a Kroger il 10 marzo, mentre l'attuale CFO ad interim Todd Foley continuerà fino al ciclo di rendicontazione dell'anno fiscale 2024 e rimarrà vicepresidente senior durante il primo trimestre per garantire una transizione fluida.
Foley, che è entrato in Kroger nel 2001, ha ricoperto vari ruoli finanziari, tra cui manager di audit, controllore, vicepresidente e tesoriere prima di assumere il ruolo di CFO ad interim nel 2024. Kennerley porta quasi 25 anni di esperienza da PepsiCo, dove ha ricoperto varie posizioni di leadership finanziaria nei mercati internazionali dal 2001, servendo più recentemente come CFO per PepsiCo Europa dal marzo 2020.
Kroger (NYSE: KR) ha anunciado su plan de sucesión para el CFO, nombrando a David Kennerley, actualmente vicepresidente senior y CFO de PepsiCo Europa, como el nuevo Chief Financial Officer a partir del 3 de abril. Kennerley se unirá a Kroger el 10 de marzo, mientras que el actual CFO interino Todd Foley continuará a lo largo del ciclo de informes del año fiscal 2024 y seguirá como vicepresidente senior durante el primer trimestre para asegurar una transición fluida.
Foley, que se unió a Kroger en 2001, ha ocupado varios roles financieros, incluidos gerente de auditoría, controlador, vicepresidente y tesorero, antes de asumir el rol de CFO interino en 2024. Kennerley aporta casi 25 años de experiencia en PepsiCo, donde ha ocupado diversas posiciones de liderazgo financiero en mercados internacionales desde 2001, sirviendo más recientemente como CFO de PepsiCo Europa desde marzo de 2020.
Kroger (NYSE: KR)는 CFO 승계 계획을 발표하며, 현재 펩시코 유럽의 수석 부사장 겸 CFO인 David Kennerley를 4월 3일부터 새로운 최고 재무 책임자로 임명했습니다. Kennerley는 3월 10일 Kroger에 합류하며, 현재의 임시 CFO인 Todd Foley는 2024 회계 연도 보고 주기를 마칠 때까지 계속 근무하고, 원활한 전환을 보장하기 위해 첫 분기 동안 수석 부사장으로 남을 것입니다.
Foley는 2001년에 Kroger에 합류했으며, 감사 관리자, 회계 관리자, 부사장 및 재무 담당자 등 다양한 재무 직책을 역임한 후 2024년에 임시 CFO 역할을 맡았습니다. Kennerley는 2001년부터 국제 시장에서 다양한 재무 리더십 직책을 맡아온 펩시코에서 거의 25년의 경험을 가지고 있으며, 가장 최근에는 2020년 3월부터 펩시코 유럽의 CFO로 재직했습니다.
Kroger (NYSE: KR) a annoncé son plan de succession pour le CFO, en nommant David Kennerley, actuellement vice-président senior et CFO de PepsiCo Europe, comme nouveau Chief Financial Officer à compter du 3 avril. Kennerley rejoindra Kroger le 10 mars, tandis que l'actuel CFO par intérim Todd Foley continuera jusqu'au cycle de reporting de l'exercice 2024 et restera vice-président senior pendant le premier trimestre pour garantir une transition en douceur.
Foley, qui a rejoint Kroger en 2001, a occupé divers postes financiers, notamment celui de responsable de l'audit, contrôleur, vice-président et trésorier, avant d'assumer le rôle de CFO par intérim en 2024. Kennerley apporte près de 25 ans d'expérience chez PepsiCo, où il a occupé divers postes de direction financière sur les marchés internationaux depuis 2001, occupant le poste de CFO de PepsiCo Europe depuis mars 2020.
Kroger (NYSE: KR) hat seinen Nachfolgeplan für den CFO bekannt gegeben und David Kennerley, derzeit Senior Vice President und CFO von PepsiCo Europa, zum neuen Chief Financial Officer ernannt, der am 3. April in Kraft tritt. Kennerley wird am 10. März zu Kroger stoßen, während der aktuelle Interims-CFO Todd Foley bis zum Berichtszyklus des Geschäftsjahres 2024 weiterhin tätig sein wird und im ersten Quartal als Senior Vice President verbleiben wird, um einen reibungslosen Übergang zu gewährleisten.
Foley, der 2001 zu Kroger kam, hat in verschiedenen finanziellen Positionen gedient, darunter Audit-Manager, Controller, Vizepräsident und Schatzmeister, bevor er 2024 die Interims-CFO-Rolle übernahm. Kennerley bringt fast 25 Jahre Erfahrung von PepsiCo mit, wo er seit 2001 verschiedene Führungspositionen im Finanzbereich in internationalen Märkten innehatte und zuletzt seit März 2020 als CFO von PepsiCo Europa tätig war.
- Structured succession plan ensuring continuity in financial leadership
- New CFO brings 25 years of extensive international finance experience from PepsiCo
- Retention of current interim CFO through transition period maintains operational stability
- None.
Todd Foley to ensure seamless transition before retiring
David Kennerley, senior vice president and CFO for PepsiCo Europe, will succeed Todd Foley as senior vice president and chief financial officer, effective April 3. Kennerley will join Kroger on March 10 as senior vice president while Foley continues as interim CFO through the end of Kroger's fiscal year 2024 reporting cycle. Foley will remain a senior vice president of the company and continue to serve on the senior leadership team to support the company during this transition period until the end of Kroger's first quarter.
"Consistent with Kroger's history of thoughtful succession planning, David and Todd will transition seamlessly to ensure Kroger continues to deliver on its go-to-market strategy, providing access to fresh, affordable food for families across America and, by doing so, creating long term shareholder value," said Rodney McMullen, Kroger's chairman and CEO.
Todd Foley to retire as interim chief financial officer
"On behalf of our board of directors and senior management team, we thank Todd for stepping into the interim CFO role last year and ensuring the business did not skip a beat," said McMullen. "Todd's contributions to our business and the finance department are wide and deep, and I especially appreciate his care for and commitment to his fellow associates. I wish Todd and his family all the best in the next chapter of their lives."
Foley joined Kroger in 2001 as an audit manager in the Internal Audit Department. He became controller of the Cincinnati-Dayton Division in 2003 and then assistant corporate controller at the General Office in 2006. Foley was promoted to vice president and treasurer of Kroger in 2013, and was named vice president and corporate controller in 2017. In late 2021, he was promoted to group vice president and corporate controller. Foley stepped into the interim CFO role in 2024.
Foley serves on the board of the Connetic Venture Capital Access Fund and the Board of Advisors for Star Engineering, LLC.
David Kennerley appointed chief financial officer
"We look forward to welcoming David to the Kroger team," said McMullen. "He brings to Kroger deep experience leading a broad-cross section of
Kennerley joined PepsiCo in 2001 as a manager in the International Corporate Finance/Treasury Department, where he was responsible for all treasury activities in
"I'm thrilled to be joining Kroger at this exciting time for the business," said Kennerley. "I am looking forward to getting started and building on the strong legacy built by Todd and the team. I want to thank PepsiCo for the incredible opportunities I've had over the last 24 years. These experiences have been instrumental in paving the way for my new role as the CFO of Kroger."
Kennerley graduated from University College London and then joined Arthur Andersen where he qualified as a chartered accountant.
Kennerley and his family will relocate to
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About Kroger
At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: To Feed the Human Spirit™. We are, across our family of companies nearly 420,000 associates who serve over 11 million customers daily through a seamless digital shopping experience and retail food stores under a variety of banner names, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities. To learn more about us, visit our newsroom and investor relations site.
This press release contains certain statements that constitute "forward-looking statements" about the future management of the company. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Such statements are indicated by words or phrases such as "will," "continues," and "transition." Various uncertainties and other factors could cause actual results to differ materially from those contained in the forward-looking statements. These include the specific risk factors identified in "Risk Factors" in our annual report on Form 10-K for our last fiscal year and any subsequent filings.
Kroger assumes no obligation to update the information contained herein unless required by applicable law. Please refer to Kroger's reports and filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties.
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SOURCE The Kroger Co.
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