Not long after Albertsons laid off nearly 400 corporate employees in the wake of the failed merger, Kroger said that it is eliminating up to 200 positions at its corporate offices in Cincinnati, Ohio, U.S.A., according to the Cincinnati Business Courier.

Foley has been with Kroger since 2001, when he started as an audit manager. He went on to become controller of the Cincinnati-Dayton Division in 2003 and then assistant corporate

Kroger said on Wednesday PepsiCo executive David Kennerley would succeed Todd Foley as the company's chief financial officer, effective April 3.

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The appointment comes two months after Kroger’s $25 billion merger with Albertsons was blocked by an Oregon District Court judge.

Kroger has announced that David Kennerley will succeed Todd Foley as the company’s senior vice president and chief financial officer.

Traditional supermarkets like Kroger must compete with mass merchandise and warehouse club channels, says a Morningstar analyst.

Kroger has hired veteran PepsiCo executive David Kennerley as the supermarket operator’s chief financial officer as it steers through another period of rising food prices. Kennerley, who is currently CFO of PepsiCo Europe,