Shareholders Object to Kroger Warehouse Move
Jun 27, 2008 6:00 AM
CINCINNATI — Some shareholders questioned Kroger’s decision to exit a perishables warehouse in Michigan and consolidate the operations to an existing facility in Ohio at the company’s annual meeting here yesterday, according to reports. "Kroger is giving itself a black eye. You're losing ground in Michigan," one former employee said at the meeting, according to a report in the Cincinnati Business Journal. David Dillon, chairman and chief executive officer, responded by saying the move was made to cut behind-the-scenes costs to invest in more customer-facing initiatives, the article stated. Kroger shareholders also voted down five shareholder proposals at the meeting, including a suggestion to develop a comprehensive policy on climate change and another to report on its policies concerning the use of toxic chemicals and other product-safety issues.
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