Kroger bolsters its financial team

CINCINNATI — Kroger has named Scott M. Henderson VP of pension investment and strategy and Todd A. Foley VP and treasurer.

Henderson currently serves as Kroger's VP and treasurer, a position he has held since 2003. He will lead a new team that is responsible for overseeing nearly $12 billion of assets.

"We are very pleased that Scott has agreed to take on this important responsibility," said Mike Schlotman, Kroger's CFO. "Scott brings investment expertise and steady financial leadership to our pension funds, as demonstrated by his more than 10 years as treasurer and his contribution to the successful consolidation of four UFCW pension plans in 2011."

Henderson joined Kroger in 1981 as manager of financial reporting in Cincinnati. He has held various positions, including VP and controller for the company's Dillon division and VP of planning for Kroger.

Meanwhile, Foley currently serves as Kroger's assistant corporate controller. He replaces Henderson as treasurer.

"Todd has been a valuable member of Kroger's financial leadership team for 12 years," said Schlotman. "Todd brings his financial acumen and extensive experience managing Kroger's business planning process to the role of treasurer."

Foley began his career with Kroger in 2001 as an audit manager in the internal audit department, after working for PricewaterhouseCoopers. He was named controller of Kroger's Cincinnati/Dayton division in 2003 before being promoted to his current role in 2006. Foley's replacement will be named at a later date.

Kroger operates 2,424 supermarkets and multi-department stores in 31 states under two dozen local banner names including Kroger, City Market, Dillons, Jay C, Food 4 Less, Fred Meyer, Fry's, King Soopers, QFC, Ralphs and Smith's. The company also operates 786 convenience stores, 328 fine jewelry stores, 1,169 supermarket fuel centers and 37 food processing plants in the U.S.