Kroger gains on report co to announce former Walmart exec Greg Foran as CEO

Air New Zealand

09/02/2026 10:06

** Shares of grocery chain Kroger KR.N rises 5.1% at $70.97 premarket

** WSJ reports Kroger plans to hire Greg Foran, former president and CEO of Walmart's WMT.O U.S. operations

** 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

** "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 said in a note

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

** Kroger is expected to announce the choice as soon as Monday, the WSJ report added

** YTD, KR up 8% as of last close

 (Reporting by Kanchana Chakravarty in Bengaluru)

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