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,

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Kroger said on Wednesday PepsiCo executive David Kennerley would succeed Todd Foley as the company's chief financial officer, effective April 3. Foley had taken over the role on an interim basis when former CFO Gary Millerchip stepped down last February.

CINCINNATI - The Kroger Co . (NYSE: NYSE:KR), currently trading near its 52-week high at $65.05, has announced the appointment of David Kennerley as the new Senior Vice President and Chief Financial Officer,