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Kroger jumps on report it plans to appoint ex-Walmart executive Greg Foran as CEO
| USA | economy

Kroger jumps on report it plans to appoint ex-Walmart executive Greg Foran as CEO

#Kroger #Greg Foran #Walmart #CEO appointment #Grocery industry #Stock jump #Retail management

📌 Key Takeaways

  • Kroger shares rose significantly following reports of Greg Foran being named as the potential new CEO.
  • Greg Foran previously served as the CEO of Walmart U.S. and is currently the head of Air New Zealand.
  • The leadership change occurs as Kroger navigates a major proposed merger with Albertsons and increasing market competition.
  • Investors view Foran’s background in operational efficiency and retail strategy as a major asset for Kroger's future growth.

📖 Full Retelling

Shares of the American retail giant Kroger Co. surged in New York on Wednesday following reports that the company intends to appoint Greg Foran, the former Chief Executive of Walmart U.S., as its new CEO. The anticipated leadership transition comes as Kroger seeks to strengthen its competitive position and revitalize its market strategy amidst a rapidly evolving grocery landscape. Investors reacted positively to the news, viewing the potential hiring of a seasoned industry veteran as a strategic move to drive growth and operational efficiency in a high-stakes retail environment. Greg Foran is widely regarded as a transformational figure in the retail sector, having previously led Walmart’s domestic operations through a period of significant modernization and price-cutting initiatives. During his tenure at Walmart, which ended in 2019 when he departed to lead Air New Zealand, Foran was credited with improving the customer experience and stabilizing the chain's massive supply chain. Analysts suggest that his return to the U.S. grocery market could signal a more aggressive stance from Kroger as it competes with both traditional supermarket chains and digital disruptors like Amazon. The timing of this potential appointment is particularly critical as Kroger continues to navigate the complex regulatory hurdles surrounding its proposed $24.6 billion merger with Albertsons. Bringing in an executive of Foran's caliber could be seen as an effort to reassure shareholders and regulatory bodies that the company has a robust long-term vision regardless of the merger's outcome. If the appointment is finalized, Foran would replace long-time CEO Rodney McMullen, who has steered the company through the pandemic and the initial phases of the Albertsons deal. Market observers believe that Foran’s expertise in discount retail and logistics could help Kroger optimize its pricing models and private-label programs. As inflationary pressures continue to impact consumer spending habits, the ability to maintain thin margins while providing high value is essential. The stock's jump reflects a broader confidence that Foran’s leadership could unlock new efficiencies and enhance Kroger's digital transformation efforts, which remain a cornerstone of its current corporate strategy.

🏷️ Themes

Corporate Leadership, Retail Economy, Stock Market

📚 Related People & Topics

Greg Foran

Greg Foran

New Zealand businessman (born 1961)

Gregory Stephen Foran (born 22 July 1961) is a New Zealand businessman. He was previously CEO of the American division of Walmart, and was the chief executive officer of Air New Zealand from 2020 to 2025.

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Kroger

Kroger

American retail company

The Kroger Co., or simply Kroger, is an American retail company that operates (either directly or through its subsidiaries) supermarkets and multi-department stores throughout the United States. Founded by Bernard Kroger in 1883 in Cincinnati, Ohio, the company operates supermarkets and multi-depart...

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Walmart

Walmart

American multinational retail corporation operating department stores

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States and 19 other countries. It is headquartered in Bentonville, Arkansas.

Wikipedia →

🔗 Entity Intersection Graph

Connections for Greg Foran:

  • 🏢 Kroger (2 shared articles)
  • 🏢 Walmart (2 shared articles)

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📄 Original Source Content
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry As Claude disrupts stock market, Anthropic researcher warns ’world is in peril’ Gold, silver prices rise amid U.S.-Iran tensions, blowout January payrolls data Dow halts three-day win streak as blowout jobs data curbs rate cut bets Citi pushes back Fed rate cuts to May after blowout January jobs report (South Africa Philippines Nigeria) Kroger jumps on report it plans to appoint ex-Walmart executive Greg Foran as CEO Author Vahid Karaahmetovic Stock Markets Published 02/08/2026, 08:03 PM Updated 02/09/2026, 05:49 AM Kroger jumps on report it plans to appoint ex-Walmart executive Greg Foran as CEO 0 KR 0.96% Investing.com-- Kroger Company (NYSE:KR) plans to appoint former Walmart (NASDAQ:WMT) executive Greg Foran as its next CEO, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The U.S. grocery giant is expected to announce the decision as soon as Monday, ending a nearly yearlong search for a permanent leader following the departure of longtime CEO Rodney McMullen over an undisclosed ethics violation, the Journal said. Kroger shares jumped nearly 7% in U.S. premarket trading by 10:46 GMT. Get real-time Wall Street updates, advanced financial tools with InvestingPro Kroger, the largest U.S. grocer by sales after Walmart, has been seeking an external candidate who could bring a fresh perspective as the company grapples with cash-strapped shoppers and heightened competition. Foran would take the helm as Kroger looks to hold down food-price inflation and expand its store footprint after its $20 billion bid for rival Albertsons collapsed in 2024. "If confirmed, we believe Greg Foran would be a good hire, as a strong grocery/retail executive who is known for his detail-oriented approach to running stores and service," Morgan Stanley analysts led by Simeon Gutman said. Foran previously oversaw a turnaround of Walmart’s U.S. business between 2014 and 2019, focusing on fresh food, sto...

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