Kroger said on Wednesday PepsiCo executive David Kennerley would succeed Todd Foley as the company's chief financial officer, effective April 3. The U.S. grocer announced last February that Foley would take over the role on an interim basis,

Kroger has revealed that David Kennerley, current CFO of PepsiCo Europe, will replace Todd Foley as CFO starting April 3.

Kennerley joined PepsiCo in 2001 as a manager in the beverage giant’s international corporate finance/treasury department. The Kroger Co. This story was originally published on Supermarketnews. Kroger on Wednesday said it has named longtime PepsiCo financial executive David Kennerley senior VP and chief financial officer,

David Kennerley will replace interim CFO Todd Foley, who plans to retire from the grocer at the end of its fiscal first quarter.

Kroger Co. has hired a new CFO to fill a key role that has been held on an interim basis for the past year. STORY HIGHLIGHTS Kroger Co. has hired a new chief financial officer to fill a key role that has been held on an interim basis for the past year.