Gary Millerchip is leaving Kroger where he served as Senior Vice-president and CFO to assume a corresponding role at Costco Wholesale. 

In announcing his new position, Millerchip stated, “I’m proud of all we have accomplished at Kroger and I have made the decision to transition into a new chapter in my career.”  He added, “Kroger is well positioned for the future and I wish the team continued success.”

Millerchip will succeed Richard Galanti who is retiring but will continue in an advisory role through to the end of 2024.

Costco CEO Ron Vachris paying tribute to Galanti stated, “Over his 40-year tenure as CFO Richard has made innumerable and invaluable contribution to the success of the company.”

At Kroger, Todd Foley Group president and Chief Accounting Officer was named interim CFO pending selection of a permanent replacement.

Rodney McMullen of CEO of Kroger noted, “Todd is a proven leader who has served in key finance roles and has contributed meaningfully to Kroger’s growth and transformation for over 20 years. Foley joined Kroger in 2001 and has served in positions of increasing responsibility serving as a Group Vice-president, Corporate Controller and Chief Acounting Officer.  He was involved in the Leading with Fresh and the Accelerating with Digital Strategies.