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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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.

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

Downtown Cincinnati-based Kroger (NYSE: KR), the nation’s largest operator of traditional supermarkets, has named David Kennerley its next senior vice president and CFO, effective April 3. Kennerley is currently senior vice president and CFO for PepsiCo Europe.

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,

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

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,