Kroger said on Wednesday PepsiCo executive David Kennerley would succeed Todd Foley as the company's chief financial officer, effective April 3. The U.S. grocer announced last February that Foley would take over the role on an interim basis,

Kroger has revealed that David Kennerley, current CFO of PepsiCo Europe, will replace Todd Foley as CFO starting April 3.

David Kennerley will replace interim CFO Todd Foley, who plans to retire from the grocer at the end of its fiscal first quarter.

Sheetz has named former PepsiCo executive Kristen Blum to its board of directors. The convenience-store chain said Blum’s appointment reflects its commitment to fostering strong corporate governance, driving innovation and positioning the company for long-term growth and success.

Kroger has hired veteran PepsiCo executive David Kennerley as the supermarket operator’s chief financial officer as it steers through another period of rising food prices. Kennerley, who is currently CFO of PepsiCo Europe,

Kroger Co. has hired a new CFO to fill a key role that has been held on an interim basis for the past year. STORY HIGHLIGHTS Kroger Co. has hired a new chief financial officer to fill a key role that has been held on an interim basis for the past year.