Kroger Executive to Sit on National Pension Committee

CINCINNATI — At its annual meeting here yesterday Kroger Co. said President Bush has named Rich Manka, vice president and pension investment officer at Kroger, to serve on the Pension Benefit Guaranty Corporation Advisory Committee. Manka joined Kroger in 1982 as an investment manager for retirement plans, and is currently responsible for the company's pension investments. He also is chair of the Investment Committee for the United Food & Commercial Workers Union Pension Fund. Also at the annual meeting, David Dillon, Kroger’s chairman and chief executive officer, responded to a shareholder question about previous reports that Kroger could be considering a leveraged buyout. “We are not interested, frankly, because we are confident that our Customer 1st strategy is paying good dividends,” he said, echoing previous denials and earning audience applause.

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