Kroger Management

Management criteria checks 3/4

Kroger's CEO is William McMullen, appointed in Jan 2014, has a tenure of 10.83 years. total yearly compensation is $15.71M, comprised of 9.1% salary and 90.9% bonuses, including company stock and options. directly owns 0.53% of the company’s shares, worth $222.66M. The average tenure of the management team and the board of directors is 7.4 years and 7.8 years respectively.

Key information

William McMullen

Chief executive officer

US$15.7m

Total compensation

CEO salary percentage	9.1%
CEO tenure	10.8yrs
CEO ownership	0.5%
Management average tenure	7.4yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has William McMullen's remuneration changed compared to Kroger's earnings?
Date	Total Compensation	Salary	Company Earnings
Aug 17 2024	n/a	n/a	US$3b
May 25 2024	n/a	n/a	US$2b
Feb 03 2024	US$16m	US$1m	US$2b
Nov 04 2023	n/a	n/a	US$2b
Aug 12 2023	n/a	n/a	US$2b
May 20 2023	n/a	n/a	US$3b
Jan 28 2023	US$19m	US$1m	US$2b
Nov 05 2022	n/a	n/a	US$2b
Aug 13 2022	n/a	n/a	US$2b
May 21 2022	n/a	n/a	US$2b
Jan 29 2022	US$18m	US$1m	US$2b
Nov 06 2021	n/a	n/a	US$1b
Aug 14 2021	n/a	n/a	US$1b
May 22 2021	n/a	n/a	US$1b
Jan 30 2021	US$22m	US$1m	US$3b
Nov 07 2020	n/a	n/a	US$3b
Aug 15 2020	n/a	n/a	US$3b
May 23 2020	n/a	n/a	US$2b
Feb 01 2020	US$21m	US$1m	US$2b
Nov 09 2019	n/a	n/a	US$2b
Aug 17 2019	n/a	n/a	US$2b
May 25 2019	n/a	n/a	US$2b
Feb 02 2019	US$12m	US$1m	US$3b
Nov 10 2018	n/a	n/a	US$4b
Aug 18 2018	n/a	n/a	US$4b
May 26 2018	n/a	n/a	US$4b
Feb 03 2018	US$12m	US$1m	US$2b

Compensation vs Market: William's total compensation ($USD15.71M) is above average for companies of similar size in the UK market ($USD5.70M).

Compensation vs Earnings: William's compensation has been consistent with company performance over the past year.

CEO

William McMullen (63 yo)

10.8yrs

Tenure

US$15,710,572

Compensation

Mr. William Rodney McMullen served as an Independent Director of Cincinnati Financial Corporation since 2001 until May 2020 and serves as its Director Emeritus. He served as Director at The Cincinnati Life...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William McMullen	Chairman of the Board & CEO	10.8yrs	US$15.71m	0.53% $ 222.7m
Yael Cosset	Senior VP of Alternative Business & Chief Information Officer	5.5yrs	US$5.67m	0.027% $ 11.3m
Stuart Aitken	Senior VP and Chief Merchandising & Marketing Officer	4.3yrs	US$5.79m	0.030% $ 12.8m
Timothy Massa	Senior VP & Chief People Officer	10.4yrs	US$4.34m	0.032% $ 13.4m
Todd Foley	Interim CFO	7.4yrs	no data	0.0064% $ 2.7m
Robinson Quast	Director of Investor Relations	3.3yrs	no data	no data
Christine Wheatley	Senior VP	10.5yrs	no data	0.021% $ 8.8m
Erin Rolfes	Director of Corporate Communications & Media	2.6yrs	no data	no data
Keith Dailey	Group VP of Corporate Affairs	4.8yrs	no data	no data
Dana Zurcher	President of the Columbus Division	9.1yrs	no data	no data
Colleen Juergensen	President of Central division	no data	no data	no data
Matthew Perin	Head of Government Relations & Regulatory Affairs	7.8yrs	no data	no data

7.4yrs

Average Tenure

53yo

Average Age

Experienced Management: 0JS2's management team is seasoned and experienced (7.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William McMullen	Chairman of the Board & CEO	21.8yrs	US$15.71m	0.53% $ 222.7m
Ronald Sargent	Independent Lead Director	17.9yrs	US$376.90k	0.017% $ 7.3m
Clyde Moore	Independent Director	27.8yrs	US$323.49k	0.017% $ 7.3m
Elaine Chao	Independent Director	3.3yrs	US$303.16k	0.00056% $ 235.2k
Karen Hoguet	Independent Director	4.9yrs	US$331.54k	0.0038% $ 1.6m
Mark Sutton	Independent Director	7.8yrs	US$303.16k	0.0055% $ 2.3m
Anne Gates	Independent Director	8.9yrs	US$338.74k	0.0043% $ 1.8m
Judith Sourry Knox	Independent Director	3.8yrs	US$303.16k	0.0026% $ 1.1m
Ashok Vemuri	Independent Director	5.8yrs	US$313.32k	0.0046% $ 1.9m
Nora Aufreiter	Independent Director	9.9yrs	US$321.37k	0.0064% $ 2.7m
Kevin Brown	Independent Director	3.8yrs	US$311.15k	0.0026% $ 1.1m

7.8yrs

Average Tenure

64yo

Average Age

Experienced Board: 0JS2's board of directors are considered experienced (7.8 years average tenure).

Kroger Management

Management criteria checks 3/4

Key information

Recent management updates

The Kroger Co., Annual General Meeting, Jun 27, 2024

The Kroger Co., Annual General Meeting, Jun 27, 2024

The Kroger Co. Announces CFO Changes

Insufficient new directors

The Kroger Co., Annual General Meeting, Jun 22, 2023

Group VP recently sold US$1.2m worth of stock

Recent updates

Baron & Budd P.C. Finalizes $1.37 Billion Settlement With Kroger in Nationwide Opioid Lawsuit

Upcoming dividend of US$0.32 per share

The Kroger Co. Announces the Launch of Harvest Collection from Sewing Down South for HD Designs

Second quarter dividend of US$0.32 announced

Second quarter 2025 earnings released: EPS: US$0.65 (vs US$0.25 loss in 2Q 2024)

Private Selection Harvest Apple Products Return to Kroger Just in Time for Fall

Upcoming dividend of US$0.32 per share

First quarter dividend increased to US$0.32

The Kroger Co. Approves Quarterly Dividend, Payable on September 1, 2024

First quarter 2025 earnings released: EPS: US$1.32 (vs US$1.33 in 1Q 2024)

Kroger Announces New Abound Pet Food Varieties

The Kroger Co., Annual General Meeting, Jun 27, 2024

The Kroger Co., Annual General Meeting, Jun 27, 2024

Upcoming dividend of US$0.29 per share

The Kroger Co Announces the Launch of SDS for HD

Fourth quarter dividend of US$0.29 announced

the Kroger Co. Declares Quarterly Dividend, Payable on June 1, 2024

New minor risk - Earnings quality

Full year 2024 earnings released: EPS: US$3.01 (vs US$3.15 in FY 2023)

The Kroger Co. Provides Earnings Guidance for the Full-Year of 2024

The Kroger Co. Announces CFO Changes

Insufficient new directors

Third quarter dividend of US$0.29 announced

The Kroger Co. Announces Products Such as Home Chef Fried Chicken and Private Selection Cinnamon Rolls and Crumb Cake

The Kroger Co. Declares Quarterly Dividend, Payable on March 1, 2024

New minor risk - Earnings quality

Third quarter 2024 earnings released: EPS: US$0.90 (vs US$0.55 in 3Q 2023)

Upcoming dividend of US$0.29 per share at 2.6% yield

Kroger Adds Hispanic-Inspired Mercado Brand to Exclusive Brands' Roster

The Kroger Co. Announces the Launch of New Doritos Flavor Exclusive to Kroger—Late Night Loaded Taco

The Kroger Co. Debuts Limited Edition Private Selection Harvest Apple Products

Second quarter 2024 earnings released: US$0.25 loss per share (vs US$1.01 profit in 2Q 2023)

The Kroger Co. Expects to Pay Quarterly Dividend

C&S Wholesale Grocers, Inc. entered into a definitive agreement to acquire Select Stores, Distribution Centers, Offices & Private Label Brands from The Kroger Co. (NYSE:KR) and Albertsons Companies, Inc. (NYSE:ACI) for $1.9 billion.

Kroger, Albertsons Reportedly in Talks to Sell Stores to C&S, Softbank

Upcoming dividend of US$0.29 per share at 2.3% yield

First quarter 2024 earnings released: EPS: US$1.34 (vs US$0.91 in 1Q 2023)

The Kroger Co., Annual General Meeting, Jun 22, 2023

Upcoming dividend of US$0.26 per share at 2.2% yield

Group VP recently sold US$1.2m worth of stock

Senior VP & CFO recently sold US$1.5m worth of stock

Insider recently sold US$182k worth of stock

Insider recently sold US$465k worth of stock

Full year 2023 earnings released: EPS: US$3.13 (vs US$2.20 in FY 2022)

Upcoming dividend of US$0.26 per share at 2.3% yield

The Kroger Co. Declares Quarterly Dividend, Payable on March 1, 2023

Insider recently sold US$85k worth of stock

the Kroger Co. Raises Earnings Guidance for the Full Year 2022

Third quarter 2023 earnings released: EPS: US$0.55 (vs US$0.64 in 3Q 2022)

the Kroger Co. Raises Earnings Guidance for the Full Year 2022

Upcoming dividend of US$0.26 per share

The Kroger Co. Announces Management Changes

Now 21% undervalued after recent price drop

The Kroger Co. (NYSE:KR) entered into a definitive agreement to acquire Albertsons Companies, Inc. (NYSE:ACI) for $18.8 billion.

Kroger in Merger Talks with Albertsons

Kroger Launches Annual Winter Wine Box

The Kroger Co. Declares Quarterly Dividend, Payable on December 1, 2022

The Kroger Co. (NYSE:KR) announces an Equity Buyback for $1,000 million worth of its shares.

Second quarter 2023 earnings released: EPS: US$1.02 (vs US$0.62 in 2Q 2022)

The Kroger Co. Announces New Smart Way Product Line

Upcoming dividend of US$0.26 per share

The Kroger Co Raises Quarterly Dividend by 24%, Payable on September 1, 2022

First quarter 2023 earnings released: EPS: US$0.92 (vs US$0.18 in 1Q 2022)

The Kroger Co. Provides Earnings Guidance for 2022

Carl Icahn Issues an Open Letter to Shareholders of The Kroger Co

The Kroger Co. Names Micheal Cristal as President of Its Delta Division

The Kroger Co., Annual General Meeting, Jun 23, 2022

Upcoming dividend of US$0.21 per share

Now 21% undervalued