Leadership changes are afoot at Kroger, with the company announcing David Kennerley's appointment as Senior Vice President and Chief Financial Officer, effective April 3. Kennerley will assume his new responsibilities on March 10, bringing with him a wealth of international financial expertise. Meanwhile, Todd Foley will continue in his interim role until the conclusion of the fiscal year 2024 reporting cycle, ensuring a smooth transition into the first quarter of fiscal 2025.

Foley has been an integral part of Kroger since 2001, holding various leadership positions including Group Vice President and Corporate Controller. His tenure saw him stepping up to the interim CFO role in 2024. On the other hand, Kennerley joins Kroger from PepsiCo Europe, where he served as CFO since March 2020. Over the past two decades, Kennerley has played a pivotal role in guiding PepsiCo’s global finance teams, significantly contributing to the company’s growth and shareholder value.

Rodney McMullen, Kroger’s Chairman and CEO, emphasized the importance of thoughtful succession planning in maintaining the company’s strategic momentum. He expressed gratitude for Foley’s dedication during his time as interim CFO and highlighted the seamless transition that would ensure Kroger’s continued success. Looking ahead, McMullen welcomed Kennerley, noting his extensive experience in leading diverse finance teams across the US and internationally, which will be instrumental in driving shareholder value at Kroger.

Kennerley expressed his excitement about joining Kroger at this pivotal moment, acknowledging the strong foundation laid by Foley and the team. He also thanked PepsiCo for the invaluable opportunities provided over the past 24 years, which have prepared him well for his new role. This leadership change underscores Kroger’s commitment to delivering fresh, affordable food to families across America while fostering long-term growth and value creation.