Kroger names former Walmart US head Greg Foran as CEO

Group 1 - Kroger has appointed Greg Foran as its new CEO, effective immediately, as the company seeks to reinvent its value proposition amid increasing competition from retailers like Walmart, Costco, and Aldi [3][6] - Foran previously served as CEO of Air New Zealand and held significant roles at Walmart U.S., Walmart Asia, and Walmart China, bringing extensive retail experience to Kroger [4][6] - The grocery industry is shifting away from promotions-based strategies, which have traditionally attracted consumers, necessitating a new approach to engage shoppers [5][6] Group 2 - Foran's immediate priorities include revitalizing Kroger's appeal to customers and addressing investor concerns that have led to a decline in the company's stock price over the past year [6] - Analysts believe that Foran's operational mindset will be crucial in enhancing Kroger's e-commerce and logistics capabilities, areas that have been previously overlooked [6]