Showing posts with label Supermarket chain. Show all posts
Showing posts with label Supermarket chain. Show all posts

Sunday, August 23, 2015

Rodney McMullen: Kroger CEO

Rodney McMullen was born in Pineville, Kentucky. His parents didn’t have a stable and secure job. If the economy wasn’t doing well they would get laid off. Thus the life that Rodney experienced was one of moving from one location to another where factory work was available. 
He was an only child and his parents wanted him to have a better future and encouraged him to get a college education. Rodney’s parents were able to save up for one year’s college for him. He made it through the University of Kentucky by working at night as a stock boy at Kroger in Lexington, Kentucky. He first worked there in 1978. To get by Rodney picked up every extra shift he could. He worked every job in the store from the dairy to the deli. 
Rodney’s life is characterized by going the extra mile. He was not only a working student at UK but aside from his undergraduate degree he also got a master’s degree all in four years time. 
He was asked by the local vice president for operations if he wanted to work at Kroger towards the end of his studies. So instead of joining an accounting firm as was his plan, Rodney began working as an accounting supervisor in Kroger’s Charlotte, North Carolina, division office. This choice would turn out to be  a good one for him and Kroger as well. 
Rodney was good in the office able to increase work productivity when the personal computer was introduced. He was eventually moved to the Cincinnati head office. Rodney played a critical role in Kroger’s restructuring in 1988, when corporate raiders from Wall Street were attempting to take over the company in a leverage buyout. He also oversaw the integration of the $13 billion Fred Meyer acquisition in 1999 that turned Kroger into the largest supermarket chain in the US. Rodney was also moving up the corporate ladder becoming the executive vice president of strategy, planning, and finance in 2000.
In 2014 he finally got the top post of CEO at Kroger the $100 billion in sales corporation. 

Sunday, March 23, 2014

Steven Burd: Leading Safeway

Steven Burd was born in 1949 in Valley City, North Dakota. He earned a Bachelor of Science in Economics from Carroll University in 1971 and a Masters in Economics from the University of Wisconsin in 1973. He was a Principal of Burd and Associates.

Steven was appointed Chief Operating Officer of Safeway Inc in 1987 and served in that position till October 1992. He then became President from October 26, 1992 to May 2013. On April 30 1993 he became the Chief Executive Officer of Safeway until May 14, 2013.  He joined the Board of Directors on September 7, 1993 and became Chairman of the Board from May 12, 1998 to May 14, 2013.

Having served as CEO for two decades Steven has played a long and significant role in the company’s fortune.  He shaped Safeway and built it into the second-largest supermarket chain in the U.S. This was a very challenging job to say the least because when he took the helm in 1993 the company was sinking.

As far as job performance is concerned. Different sectors have mixed opinion about his leadership style. What they do agree on is he kept the company afloat which meant thousands of workers kept their jobs.
Some employees and customers have been alienated with his cost-cutting tactics. 

As far as labor relations, customer service and health care are concerned; Burd's record is mixed, based on interviews with analysts, grocery industry leaders and labor advocates.  He is known for promoting innovative ideas and taking risks.

Upon retirement Burd left the company in a healthy state. Since 1997 sales have doubled to $44.2 billion and its stock has increased from $3.35 per share in May 1993 when he became CEO to more than $24 when he left.  The firm earned around $597 million in 2012.

Burd will also be well remembered for his efforts in health care reform. At Safeway, workers who smoke, are obese or fail to meet other standards of health pay more. Later the “Safeway Amendment” was added to the Affordable Care Act as a way to cut costs for employers.

The company he left bears little resemblance to the struggling firm he took the leadership role in 1993.