Story perspectives

Kroger Appoints Walmart's Foran as New CEO Amid Ethics Scandal

2/10/2026

Summary

Story summary

Kroger named Greg Foran, Walmart U.S. chief executive, as its chief executive officer, effective immediately, making him the first outsider to lead Kroger.
Foran previously led Air New Zealand and directed more than 4,600 Walmart stores, bringing extensive retail leadership.
Rodney McMullen resigned amid an ethics investigation, prompting the leadership change.
Investors boosted Kroger stock 7.6% after the announcement, and the company will discuss details on March 5 earnings call.

History

Historical Context

Founded in 1883, Kroger has grown to become one of the largest supermarket chains in the U.S., operating over 2,252 stores. In 2022, Kroger announced plans to merge with Albertsons for $24.6 billion, a move that raised concerns about market monopolies. This merger attempt reflects ongoing challenges in corporate governance and investor confidence, particularly following CEO Rodney McMullen's resignation amid an ethics investigation.

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Story summary

Kroger named Greg Foran, Walmart U.S. chief executive, as its chief executive officer, effective immediately, making him the first outsider to lead Kroger.
Foran previously led Air New Zealand and directed more than 4,600 Walmart stores, bringing extensive retail leadership.
Rodney McMullen resigned amid an ethics investigation, prompting the leadership change.
Investors boosted Kroger stock 7.6% after the announcement, and the company will discuss details on March 5 earnings call.

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