Rodney McMullen
McMullen delivers his remarks regarding COVID-19
Born1960 or 1961 (age 62–63)[1]
Pineville, Kentucky, U.S.
EducationUniversity of Kentucky (BS, MS)
OccupationBusinessman
Known forCEO, Kroger
PredecessorDavid Dillon
SpouseKathryn King

William Rodney McMullen (born 1961) is an American businessman who has been the CEO of Kroger, the third-largest general retailer in the US, since January 1, 2014.

Early life

McMullen was born in Pineville, Kentucky[2] on his family-owned farm, and was the first of his family to receive a college education. He has a bachelor's and a master's degree in accounting, both from the University of Kentucky.[1]

Career

In 1978, McMullen began working part-time as a stock clerk in his local Kroger grocery store, while a university student. His work included price tagging items, bagging groceries, receiving product, and running the register. In 1982, McMullen moved to Charlotte. From there, he became a financial analyst in the corporate headquarters. At the age of 34, McMullen became chief financial officer. McMullen was key in the merger with Fred Meyer, Inc. in 1999. In 2003, McMullen became vice chairman, and COO in 2009.[3][4][5] McMullen became the CEO of Kroger on January 1, 2014, succeeding David Dillon.[6] McMullen received $12m compensation in FY 2018, jumping by 21% to $20.1m for FY2019 due to "a boost in stock awards tied to performance incentives".[7][8]

McMullen is a non-executive director of Cincinnati Financial.[1]

Compensation

McMullen's salary in 2021 was listed at $1.34 million. The company's median employee salary that year was a bit more than $24,000. This indicates McMullen makes 5,348 percent of the median salary. This is one of the largest wage gaps in America.[9]

His total compensation is much more. In 2020, his salary plus bonuses plus various stock options totaled $20,578,119.[10]

Personal life

He is married to Kathryn King McMullen, whom he met when they were both students at the University of Kentucky.[11]

References

  1. 1 2 3 "Executive Profile* W. Rodney McMullen". Bloomberg. Retrieved 14 November 2015.
  2. ↑ Coolidge, Alexander. "How Rodney McMullen took Kroger to the top". cincinnati.com. Retrieved 8 September 2021.
  3. ↑ "Here's what you need to know about Kroger's incoming CEO Rodney McMullen - Cincinnati Business Courier". Bizjournals.com. 2013-09-20. Retrieved 2014-01-09.
  4. ↑ W. Rodney McMullen. "W. McMullen: Executive Profile & Biography - Businessweek". Investing.businessweek.com. Archived from the original on January 7, 2014. Retrieved 2014-01-09.
  5. ↑ "W. Mcmullen". Forbes. 2012-04-18. Archived from the original on November 11, 2012. Retrieved 2014-01-09.
  6. ↑ "News Room". The Kroger Co. Retrieved 2014-01-09.
  7. ↑ "BRIEF-Kroger Co Says CEO Rodney Mcmullen's FY 2019 Total Compensation Was $21.1 Mln". Reuters. 2020-05-12. Retrieved 2020-05-15.
  8. ↑ Watkins, Steve (2020-05-12). "Kroger CEO McMullen gets 21% pay hike for '19". www.bizjournals.com. Retrieved 2020-05-15.
  9. ↑ Huddleson, Tom. "Study: Big company CEOs make $1.3 million more than their employees, on average". CNBC. Retrieved 13 February 2022.
  10. ↑ "W. Rodney McMullen". Salary.com. Retrieved 13 February 2022.
  11. ↑ "UK alumnus to be CEO of The Kroger Co". ukalumni. Retrieved 14 November 2015.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.