00:00It's Benzinga bringing Wall Street to Main Street.
00:02Kroger named former Walmart executive Greg Foran as its new CEO on Monday,
00:07ending a year-long search following the departure of Rodney McMullen last March.
00:12Foran most recently served as CEO of Airt New Zealand for about five years until October 2025
00:17and previously led Walmart's U.S. operations from 2014 to 2019. At Walmart, he oversaw more
00:26than 4,600 stores, expanded online ordering and pickup, and delivered 20 consecutive quarters
00:32of comparable sales growth. Kroger narrowed its annual sales target in December as consumers
00:38became more selective amid persistent inflation. Shares rose as much as 8.4% before closing up
00:441.2%. Foran will receive a $1.5 million base salary, incentive pay, and $12 million in long-term
00:52compensation. For all things money, visit Benzinga.com.
00:56For all things money, visit Benzinga.com.
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