Kroger gains after naming former Walmart exec Greg Foran as CEO

Air New Zealand

09/02/2026 12:51

Updates

** Shares of grocery chain Kroger KR.N up ~5% at $71.34 premarket

** Co
names ex-Walmart executive Greg Foran
 as CEO, succeeding interim boss Ron Sargent, effective immediately

** Co reaffirms previously issued fiscal 2025 forecast

** Kroger has been on the lookout for a new CEO since 2025 when it ousted Rodney McMullen after a board investigation found his personal conduct was "inconsistent" with certain company policies

** Foran also served as CEO of Air New Zealand AIR.NZ from February 2020 to October 2025

** Kroger's year-long CEO search appears to have come to a promising conclusion - Evercore ISI

** KR rose about 2% in 2025

 (Reporting by Kanchana Chakravarty and Anuja Bharat Mistry in Bengaluru)

 ((Kanchana.Chakravarty@thomsonreuters.com;))