Kroger Plans to Appoint Ex-Walmart Executive Foran as CEO

2026년 2월 9일 · Unknown · financial · 출처 Yahoo Finance

Photographer: Anindito Mukherjee/Bloomberg

(Bloomberg) -- Kroger Co. plans to name Greg Foran as the supermarket chain’s next chief executive officer, according to a person familiar with the matter, as the nation’s largest grocer looks to carve a new path after a failed megadeal and an unexpected exit of its former boss.

Kroger replaced CEO Rodney McMullen in March after an investigation into his personal conduct, which followed a failed $24.6 billion merger with Albertsons Cos. that was blocked on antitrust grounds. The company didn’t specify the nature of his conduct.

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Kroger is expected to announce the choice of Foran as early as Monday, said the person, who declined to be named because they were not authorized to speak on the matter. He would be the grocer’s first CEO brought in from outside the company.Photographer: Anindito Mukherjee/Bloomberg

Shares of Kroger rose as much as 4.4% in premarket trading on Monday.

Foran was a former CEO of the American division of Walmart Inc. Most recently, he was CEO of Air New Zealand Ltd. until announcing in March he was stepping down.

The appointment would mark something of a homecoming for Foran, a New Zealand native credited with turning around Walmart’s US business in the mid-to-late 2010s. He made stores cleaner and friendlier, in addition to lowering prices and raising pay for employees.

Cincinnati-based Kroger has been run by interim CEO Ron Sargent since March.

Kroger has posted healthy sales in recent years as consumers prioritize groceries and other necessities to save money. Under Sargent, it has been accelerating new store openings, closing underperforming locations and updating other priorities after the US government blocked its deal with Albertsons Cos.

The Wall Street Journal reported the upcoming appointment earlier on Sunday.

--With assistance from Subrat Patnaik.

(Updates with premarket shares in fourth paragraph.)

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