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Kroger Appoints Former Walmart Executive Greg Foran as CEO

Kroger has named Greg Foran, former CEO of Air New Zealand and president of Walmart’s U.S. operations, as its new CEO. Foran is credited with turning around Walmart’s U.S. business and bringing a focus on digital growth. Analysts believe he will bring instant credibility to Kroger and will likely prioritize strengthening in-store execution and accelerating digital growth.

The announcement comes after a year-long search following the ouster of former CEO Rodney McMullen. Kroger’s shares were up about 6% in early trading on Monday as Foran takes the helm. With Foran’s successful track record in the retail industry, Kroger looks set to continue its growth trajectory under his leadership.