Local Union Leaders Urge Kroger CEO to Step Down amid $7.5 Billion Stock Buyback Plan
Some United Food and Commercial Workers (UFCW) local unions have urged Kroger’s board of directors to replace CEO Rodney McMullen following the company’s announcement of a $7.5 billion stock buyback plan. This move comes after Kroger terminated its $25-billion merger plan with Albertsons and announced a new stock repurchase program.