Corrects typo in paragraph 1
March 3 (Reuters) - U.S. grocer Kroger KR.N on Monday said its top boss, Rod McMullen, has resigned after a board investigation found that his personal conduct was inconsistent with certain company policies.
Here is a list of some U.S. companies that have ousted their CEOs over the past two decades for reasons such as personal misconduct or violations of company policies:
Company | Year | Reason for CEO's exit |
Hewlett-Packard | 2010 | Hewlett-Packard CEO Mark Hurd resigned in 2010 after an investigation found that he had falsified expense reports to conceal a "close personal relationship" with a female contractor. An internal probe later cleared him of those charges, though it found him guilty of filing inaccurate expense reports. |
American Apparel | 2014 | American Apparel's board ousted CEO Dov Charney after an internal investigation found Charney violated company policies, ranging from misusing company funds to failing to stop the discrediting of at least one former employee who had accused him of sexual harassment. |
Wells Fargo WFC.N | 2016 | Wells Fargo's veteran chairman and CEO, John Stumpf, abruptly departed his role , bowing to pressure over sales tactics involving opening as many as 2 million accounts by the banks' staff without customers' knowledge, damaging its reputation and putting Wall Street under renewed scrutiny. |
Uber Technologies UBER.N | 2017 | Uber Technologies Chief Executive and co-founder Travis Kalanick resigned under pressure from investors after a string of setbacks, including allegations of sexual harassment at the ride-hailing company made by a former employee. |
Weinstein Co | 2017 | The Weinstein Co fired co-Chairman Harvey Weinstein after more than 80 women have accused him of sexual misconduct. Weinstein pleaded not guilty to a new sexual assault charge in September 2024, nearly five months after the disgraced Hollywood movie mogul's earlier sex crimes conviction in New York was overturned. |
Papa John's International PZZA.O | 2017 | Papa John's International founder and CEO John Schnatter stepped down after facing criticism for his comments on the National Football League's handling of players' national anthem protests. |
Lululemon Athletica LULU.O | 2017 | Laurent Potdevin, the Chief Executive of Canadian athleisure wear maker Lululemon Athletica, abruptly resigned after the company stated he had fallen short of its 'standards of conduct,' without providing further details. |
Wynn Resorts WYNN.O | 2018 | U.S. casino mogul Steve Wynn resigned as CEO of his company Wynn Resorts. This followed claims that he subjected women who worked for him to unwanted advances. |
Intel Corp INTC.O | 2018 | Intel Corp CEO Brian Krzanich resigned after an investigation found he had a consensual relationship with an employee in breach of company policy. |
McDonald's MCD.N | 2019 | McDonald's CEO Steve Easterbrook left the fast food chain after the company's board said he "violated company policy and demonstrated poor judgment" due to a recent consensual relationship with an employee. |
Norfolk Southern NSC.N | 2024 | Railroad company Norfolk Southern fired its CEO Alan Shaw, into allegations that he violated company ethics policies |
(Reporting by Juveria Tabassum and Neil J Kanatt in Bengaluru: Editing by Tasim Zahid)
((Juveria.Tabassum@thomsonreuters.com;))
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