Kroger Names Key Financial Adviser to Board
CINCINNATI -- The Kroger Co. here named James Runde, a special adviser and former vice chairman of Morgan Stanley, to its board of directors. Runde was elected to serve until Kroger's annual meeting of shareholders in June 2007, at which time he will stand for election by the shareholders.
During his 32-year career with Morgan Stanley, Runde has served as an advisor to corporate boards and senior management across a broad range of industries. He has managed a wide array of mergers, privatizations, and restructurings, and is highly regarded for his expertise in the transportation industry.
He was a member of the board of directors of Burlington Resources Inc., a large oil and gas company, prior to its acquisition by ConocoPhillips earlier this year. He also serves as a trustee of Marquette University and as a trustee of the Pierpont Morgan Library.
With Runde's election, Kroger's board has 14 members.
At the end of the first quarter of fiscal 2006, Kroger operated (either directly or through its subsidiaries) 2,483 supermarkets and multi-department stores in 31 states under two dozen local banners including Kroger and Kroger Marketplace, Ralphs, Fred Meyer, Food 4 Less, King Soopers, Smith's and Smith's Marketplace, Fry's and Fry's Marketplace, Dillons, QFC and City Market. Kroger also operated (either directly or through subsidiaries, franchise agreements, or operating agreements) 783 convenience stores, 423 fine jewelry stores, 593 supermarket fuel centers and 42 food processing plants.
During his 32-year career with Morgan Stanley, Runde has served as an advisor to corporate boards and senior management across a broad range of industries. He has managed a wide array of mergers, privatizations, and restructurings, and is highly regarded for his expertise in the transportation industry.
He was a member of the board of directors of Burlington Resources Inc., a large oil and gas company, prior to its acquisition by ConocoPhillips earlier this year. He also serves as a trustee of Marquette University and as a trustee of the Pierpont Morgan Library.
With Runde's election, Kroger's board has 14 members.
At the end of the first quarter of fiscal 2006, Kroger operated (either directly or through its subsidiaries) 2,483 supermarkets and multi-department stores in 31 states under two dozen local banners including Kroger and Kroger Marketplace, Ralphs, Fred Meyer, Food 4 Less, King Soopers, Smith's and Smith's Marketplace, Fry's and Fry's Marketplace, Dillons, QFC and City Market. Kroger also operated (either directly or through subsidiaries, franchise agreements, or operating agreements) 783 convenience stores, 423 fine jewelry stores, 593 supermarket fuel centers and 42 food processing plants.