Kroger Announces Retirement of Lynn Gust, Jeff Burt Named President of Fred Meyer Stores

Jan 12, 2016, 14:00 ET from The Kroger Co.

CINCINNATI, Jan. 12, 2016 /PRNewswire/ -- The Kroger Co. (NYSE: KR) announced today the retirement of Fred Meyer President Lynn Gust, and the promotion of Jeff Burt to succeed him. Mr. Burt currently serves as president of Kroger's Central division.

Fred Meyer Stores, based in Portland, Ore., offers one-stop shopping at 132 multi-department stores in Alaska, Idaho, Oregon and Washington.

Lynn Gust to Retire After 45 Years of Service

Lynn Gust will retire from the company after 45 years of service, effective January 31. 

"Throughout his distinguished career, Lynn as always led by empowering, encouraging and supporting others," said Rodney McMullen, Kroger's chairman and CEO. "Lynn is widely respected throughout our company and industry for his passion for people, the food business, and the communities we serve. The entire Kroger family wishes Lynn and his family all the best in retirement."

Mr. Gust started his career with Kroger in 1970 as a parcel clerk at Fred Meyer's Fourth Plain store in Vancouver, Wash. In 1972, he entered Fred Meyer's food management program and advanced to serve in a variety of leadership roles in the division, including food department manager, training coordinator, grocery buyer and director of grocery sales & merchandising. He also attended the Cornell Food Executive Program in 1994. After serving as group vice president for the food group, he was named senior vice president of the store operations group in 2003. Mr. Gust was named executive vice president of corporate merchandising and advertising in 2006, followed by vice president of operations in 2011. He was promoted to president of Fred Meyer in 2012.

Under his leadership, Fred Meyer reached $10 billion in annual sales for the first time. Also under his leadership, Fred Meyer was recognized twice as one of Oregon's "Best Places to Work" by the Portland Business Journal, and twice as one of Oregon's "Healthiest Places to Work" by The Oregonian.

Following his retirement, Mr. Gust and his wife, Julie, will continue to be active in many community organizations in Portland and beyond, including serving on the Board of Trustees for Randall Children's Hospital.

Jeff Burt Promoted to President of Fred Meyer Stores

Kroger promoted Jeff Burt to serve as president of the company's Fred Meyer division.

Mr. Burt is currently president of Kroger's Central Division, which operates food stores primarily in Indiana and Illinois. His successor will be named at a later date.

"Jeff is a strong, dynamic leader who brings out the best in our associates," said Mr. McMullen. "His enthusiasm for serving our customers combined with both broad and deep experience in our business – including in the Pacific Northwest – will serve our Fred Meyer team well. We are grateful he agreed to take on this important role."

Mr. Burt began his career with Kroger in 1986 as a management trainee. He has held a variety of leadership positions with the company in Cincinnati, Florida, Indianapolis and Seattle, including store manager, produce merchandiser and vice president of merchandising and operations. In 2004, he was named corporate vice president of deli/bakery merchandising and procurement, before being promoted to group vice president of perishables merchandising and procurement in 2010. He has served as president of Kroger's Central division since 2013.

Kroger, one of the world's largest retailers, employs more than 422,000 associates who serve customers in 2,774 supermarkets and multi-department stores in 35 states and the District of Columbia under two dozen local banner names including Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Fry's, Harris Teeter, Jay C, King Soopers, Mariano's, Pick 'n Save, QFC, Ralphs and Smith's. The company also operates 786 convenience stores, 326 fine jewelry stores, 1,360 supermarket fuel centers and 37 food processing plants in the U.S.  Recognized by Forbes as the most generous company in America, Kroger supports hunger relief, breast cancer awareness, the military and their families, and more than 30,000 schools and community organizations. Kroger contributes food and funds equal to 200 million meals a year through more than 100 Feeding America food bank partners. A leader in supplier diversity, Kroger is a proud member of the Billion Dollar Roundtable and the U.S. Hispanic Chamber's Million Dollar Club.

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SOURCE The Kroger Co.



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