Kroger finally names a new CEO: ex-Walmart chief Greg Foran takes over as shares jump
Kroger has tapped Greg Foran, a former Walmart executive, as its new chief executive, closing the book on a year-long CEO search that started with Rodney McMullen’s exit last March. The stock jumped roughly 6% in premarket trading. Evercore ISI’s Michael Montani noted Foran’s “instant credibility” after steering a turnaround in Walmart’s U.S. stores. Foran steps in while Kroger contends with sluggish demand and pressure from rivals like Walmart.
