Kroger has formed a succession plan for its chief financial officer role with the announcement that J. Michael Schlotman, Kroger’s CFO since 2000, has decided to retire in December of 2019.
Gary Millerchip, CEO of Kroger personal finance, will succeed Schlotman as senior vice president and CFO of Kroger, effective April 4, 2019.
Millerchip currently serves as CEO for Kroger personal finance, the division of Kroger that delivers financial and retail services through the Kroger family of brands and stores. He is also responsible for several retail grocery divisions and leads the integration of Kroger’s corporate strategic initiatives.
Schlotman will continue as CFO through the end of Kroger’s fiscal 2018 and up to April 3, 2019. He will then remain an executive vice president of the company and continue to sit on the senior leadership team to support the company during this transition period until December 28, 2019.
“Consistent with Kroger’s governance history of thoughtful succession planning, Gary and Mike have a deliberate and thorough CFO transition plan with a singular focus— a seamless transition to successfully deliver on the Restock Kroger financial commitments and then beyond in the role of Kroger’s chief financial officer,” said Rodney McMullen, Kroger’s chairman and CEO.