Kroger's Names New CFO
The Kroger Co. has named a new chief financial officer as David Kennerley will join the grocer and take his new position on April 3. He will succeed Todd Foley, the company’s current CFO and senior vice president, who is retiring.
Kennerley joins Kroger from PepsiCo Europe, where he served as senior vice president and CFO.
"Consistent with Kroger's history of thoughtful succession planning, David and Todd will transition seamlessly to ensure Kroger continues to deliver on its go-to-market strategy, providing access to fresh, affordable food for families across America and, by doing so, creating long-term shareholder value," said Rodney McMullen, Kroger's chairman and CEO.
Foley joined Kroger in 2001 as an audit manager in the Internal Audit Department. He became controller of the Cincinnati-Dayton Division in 2003 and then assistant corporate controller at the General Office in 2006. Foley was promoted to vice president and treasurer of Kroger in 2013 and was named vice president and corporate controller in 2017. In late 2021, he was promoted to group vice president and corporate controller. Foley stepped into the interim CFO role in 2024.
Kennerley joined PepsiCo in 2001 as a manager in the International Corporate Finance/Treasury Department, where he was responsible for all treasury activities in Western Europe. In 2005, he moved to the U.K. business as a business development director and subsequently held various roles across Planning and Commercial Finance.
He became the company's senior finance director for the newly created Global Beverages Group in 2011, and he moved into the North American Beverages business the following year. Kennerley held several roles across Commercial Finance before being appointed to senior vice president of Finance for the company's North American Bottling business. He was named CFO, Europe in March 2020.
