In the wake of Kroger CEO Rodney McMullen’s resignation following a board investigation of his personal conduct that was unrelated to the business but was inconsistent with the company’s policy on business ethics, the grocery giant has turned to a retail veteran to provide leadership.

Kroger announced Monday CEO Rodney McMullen has resigned following "a board investigation of his personal conduct." Lead Director Ronald “Ron” Sargent has been appointed interim CEO, effective immediately. Kroger said McMullen's conduct was "unrelated to the business," but "was inconsistent with Kroger’s policy on business ethics."

Kroger CEO Rodney McMullen resigns following an inquiry into his conduct deemed inconsistent with company standards.