The food retail industry has seen some big moves in the consolidation of major operators, so several executives chosen for the 2014 Supermarket News Power 50 are involved in recent or pending M&A.
Rodney McMullen, CEO of Kroger Co., takes the top spot on the Power 50 list as Kroger prepares to acquire online retailer Vitacost.com for $280 million. The company just finished its $2.5 billion acquisition of Harris Teeter last January.
Kroger’s McMullen is also one of several executives in the Power 50 who recently took the lead role at their respective companies. At the Delhaize Group, Frans Muller replaced 15-year CEO Pierre-Olivier Beckers; Doug McMillon replaced Mike Duke at Wal-Mart Stores; and John Mulligan became the interim president and CEO at Target Corp. following the departure of Gregg Steinhafel.
The growth of fresh foods and the natural/organic sector can be seen in this year’s “wild-card” entry — The Genetically Modified Ingredient — which has been fueling consumer discussion and industry debates.
The overall Power 50 rankings are broken down by specific categories — traditional supermarket operators; wholesalers; other retailers selling food; suppliers and sales agency; and industry associations, the government and public sphere.
This year’s Power 50 again features a “Trending 10” list of industry leaders who are rising in influence. With Kroger’s thirst for large acquisitions, McMullen also is first on the trending list. Other trending executives include Jeff Bezos, chairman, president and CEO at Amazon, and Walter Robb, co-CEO at Whole Foods Market.
Newcomers for 2014
- Rodney McMullen, CEO, Kroger Co.
- Frans Muller, president and CEO, Delhaize Group
- Doug McMillon, president and CEO, Wal-Mart Stores
- John Mulligan, interim president and CEO, CFO, Target Corp.
- Steven L. Goddard, president and CEO, WinCo Foods
- The Genetically Modified Ingredient
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