Kroger’s CEO Takes a Pay Cut—Salary Falls to $15.7 Million

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Kroger’s 2023 financial report recently revealed that the Kroger CEO took a pay cut with a compensation package that was 18 percent less than in 2022. Rodney McMullen, Chairman and CEO of the company since 2014, took a pay cut to match the decline in operating profits and identical sales growth compared to the earlier year. The Kroger CEO’s salary and the benefits provided to senior executives are strongly tied to the annual performance of the company, and while Kroger described it as strong, there was a slight 0.5 percent decline in sales in comparison to the same time the

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