Kroger (NYSE: KR) has appointed Michael Ellis, senior vice president of retail divisions, as its president and chief operating officer. Ellis will take up his new role in January as part of the company's succession plan announced last month, which names W. Rodney McMullen , the current president and COO, as chief executive. McMullen is succeeding David Dillon, who is retiring as CEO effective January 1, 2014.
Ellis, a 38-year Kroger veteran, has served as senior vice president of retail divisions since 2012. In that role, he heads five retail supermarket divisions and the company's jewelry and convenience store businesses. Prior to his post as head of retail, he spent six years as president of Kroger-owned Fred Meyer, the company's largest operating division by revenue.
"Mike's broad-based experience on both the food and general merchandise sides of our business make him a great fit for this role," said Dillon in a statement. "Mike is a team builder who will be a great partner with our entire leadership team. We look forward to his dynamic leadership of Kroger's diverse operations."
In September, Kroger, the nation's largest grocery store chain, reported that its second-quarter profit climbed, with revenue increasing 4.6 percent year-over-year to $22.7 billion and same-store sales 3.3 percent higher than a year ago. According to Kroger, Ellis played an influential role in the store's success, improving its store format and expanding its Marketplace to include a wider assortment of general merchandise including home goods, toys and apparel.
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