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The Kroger CFO Leaves Amid Uncertainty Over The Albertsons Merger

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The Kroger CFO Leaves Amid Uncertainty Over The Albertsons Merger

(CTN News) – In a statement released on Feb. 5, Kroger Co. said that its chief financial officer is leaving the company to join another company while the supermarket operator waits for regulators’ ruling on its proposed merger with Albertsons Cos.

Gary Millerchip, who began working for Kroger in 2008, was named CFO for the company in 2019, according to the company. A spokesperson declined to elaborate on the matter.

In a statement issued by the Cincinnati-based company, Todd Foley, corporate controller and chief accounting officer, announced that he would serve as interim CFO until a permanent successor was identified.

In late 2022, Kroger agreed to acquire Albertsons for a value of around $24.6 billion to be able to compete more effectively with competitors like Walmart.

Despite the opposition of elected officials and unions to the proposed merger, the Federal Trade Commission has been reviewing the merger as part of its investigation.

According to an internal company memo seen by Bloomberg News, Kroger told employees on Feb. 5 that Yael Cosset, the company’s chief information officer, would oversee the grocer’s integration planning with Albertsons, according to a memo seen by News.

In her position as Kroger’s head of digital and technology, Cosset has also led the company’s data business in the past.

As reported by Transport Topics, Kroger is ranked No. 38 on the Top 100 Private Carriers list this year, while Albertsons is ranked No. 40 on the same list.

What brands are owned by Kroger?

The Kroger Co. operates grocery retail stores under the following banners: Supermarkets – Ralphs, Dillons, Smith’s, King Soopers, Fry’s, QFC, City Market, Owen’s, Jay C, Pay Less, Baker’s, Gerbes, Harris Teeter, Pick ‘n Save, Metro Market, Mariano’s. Multi-department stores – Fred Meyer.


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Alishba Waris is an independent journalist working for CTN News. She brings a wealth of experience and a keen eye for detail to her reporting. With a knack for uncovering the truth, Waris isn't afraid to ask tough questions and hold those in power accountable. Her writing is clear, concise, and cuts through the noise, delivering the facts readers need to stay informed. Waris's dedication to ethical journalism shines through in her hard-hitting yet fair coverage of important issues.

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