Mark Motley, MBA, CFA, shareholder and investment manager at Foster & Motley, was recently featured in an article by Steve Watkins of the Cincinnati Business Courier discussing the market’s reaction to the announced resignation of Kroger CEO Rodney McMullen. Below is an excerpt from the article:
"McMullen’s departure comes at a pivotal time for Kroger, as the company adjusts its strategy following the failed Albertsons merger and navigates an evolving grocery landscape," the article states.
Motley noted that the structured nature of this leadership change should provide stability for investors. “Markets tend to respond better to orderly CEO transitions than to surprises,” he told the Business Courier.
Click here to read the full article on the Cincinnati Business Courier’s website (a subscription may be required).