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.

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

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,

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,

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