Grocery titan Kroger has appointed former Walmart executive Greg Foran as its new chief executive officer, marking the end of a year-long search following the departure of Rodney McMullen last March. McMullen was ousted after an investigation revealed that his personal conduct did not align with the company’s policies, prompting a reevaluation of leadership at the helm of the retail giant.
Foran, originally from New Zealand, brings a wealth of experience to his new role, having served as CEO of Air New Zealand until October 2025, as well as president and CEO of Walmart’s U.S. operations from 2014 to 2019. During his tenure at Walmart, he was instrumental in revitalizing the company’s U.S. business, achieving an impressive 20 consecutive quarters of comparable sales growth.
Kroger is navigating a particularly challenging retail environment marked by sluggish consumer spending and increased competition from rivals like Walmart. Analyst Michael Montani from Evercore ISI expressed confidence in Foran’s leadership, stating that he adds “instant credibility” to Kroger due to his successful track record in transforming Walmart’s store operations.
Following McMullen’s exit and the unsuccessful attempt to acquire rival Albertsons for $25 billion, the board appointed Ronald Sargent, a former CEO of Staples, as interim CEO. Sargent will also remain on as board chairman to facilitate a smooth transition in leadership.
Amid these recent changes within the retail sector, driven in part by tariff pressures and fluctuating consumer behavior, Kroger’s shares rose approximately 6% in premarket trading on Monday. The company has reaffirmed its financial outlook for the 2025 fiscal year, signaling a continued commitment to stabilize and strengthen its position in the market.
Foran’s appointment is seen as a pivotal step as Kroger seeks to enhance its operational performance and navigate the complexities of the current retail landscape, instilling hope for a resurgence in the company’s growth and competitiveness in the coming years.