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