There are very few who boast of a career as plentiful as that of Kroger’s new Board Member. Elaine Chao, former U.S. Secretary of Labor and U.S. Secretary of Transportation, has been appointed to the retailer’s Board of Directors.
According to a press release, Chao's illustrious career includes leading domestic and international organizations across the public, private, and non-profit sectors; being appointed Director of numerous Fortune 500 public company Boards; holding the President and Chief Executive Officer title of the United Way of America; serving as Director of the Peace Corps; and working as a Banker with Citicorp and Bank of America.
Chao is both the first Asian-Pacific American woman to serve in the President's cabinet in U.S. history, as well as the longest-serving U.S. cabinet secretary since World War II.
She obtained her Master of Business Administration from Harvard Business School after receiving her undergraduate degree in Economics from Mount Holyoke College, a press release stated. Recognized for her extensive record of accomplishments and public service, she is also the recipient of 37 honorary doctorate degrees.
"We are pleased to welcome Elaine to Kroger," said Rodney McMullen, Chairman and Chief Executive Officer. "She's an experienced national and global leader who brings to Kroger's Board deep knowledge of corporate governance, strategic and workforce management, and public-private partnerships, as well as extensive experience at the highest levels of U.S. government."
She is elected to serve until Kroger's annual meeting of shareholders in June 2022, at which time she will stand for election by the shareholders.
"Kroger's proactive Board refreshment strategy ensures the organization benefits from the unique expertise and perspective of a diverse Board of Directors," continued McMullen. "Kroger's Board is committed to creating value for all of our stakeholders, including our shareholders, customers, associates, and communities."
We at Deli Market News extend our congratulations to Elaine Chao!