Grocery giant Kroger on Monday named former Walmart executive Greg Foran as its chief executive, capping a year-long search following the ouster of Rodney McMullen last March. ...

Company Developments - Kroger Co. is set to appoint Greg Foran, a former Walmart executive, as its new CEO, following a year-long search for leadership. This move aims to enhance Kroger's strategy in a competitive retail environment, particularly focusing on fresh food and store efficiency. Kroger shares rose nearly 3% in premarket trading after the news [3][7] - Eli Lilly's shares increased by 2.2% in premarket trading after Hims & Hers Health Inc. withdrew its weight-loss pill, reducing competition in the weight-loss drug market. This withdrawal follows a terminated partnership with Novo Nordisk due to concerns over marketing practices, potentially benefiting Eli Lilly's weight-loss treatments like Zepbound [4][7] Market Sentiment - The Eurozone's investor sentiment improved significantly, with the Sentix Investor Confidence index rising to 4.2 in February, surpassing the estimated 0.0 and increasing from -1.8 the previous month. This indicates growing optimism among investors regarding the Eurozone's economic outlook [5][7] Political and Economic Context - The British Pound and UK Gilts are under pressure due to a leadership crisis involving Prime Minister Keir Starmer, which has increased political risk premiums in the currency and bond markets. The resignation of Starmer's adviser amid controversy has heightened uncertainty, potentially affecting public debt sustainability [6][8] - Fitch Ratings upgraded China Vanke's Long-Term Foreign-Currency Issuer Default Rating to 'CC', indicating a very high level of default risk. Despite the upgrade, the company faces significant financial challenges, including a profit warning projecting a net loss for 2025 [9]

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]

Photographer: Anindito Mukherjee/Bloomberg Kroger Co. plans to name Greg Foran as the supermarket chain’s next chief executive officer, according to a person familiar with the matter, as the nation’s largest grocer looks to carve a new path after a failed megadeal and an unexpected exit of its former boss. Kroger replaced CEO Rodney McMullen in March after an investigation into his personal conduct, which followed a failed $24.6 billion merger with Albertsons Cos. that was blocked on antitrust grounds. T ...

据知情人士透露，美国传统超市巨头克罗格公司(KR.US)已选定前沃尔玛美国首席执行官格雷格.福兰 (Greg Foran)出任下一任首席执行官。此举标志着该公司长达数月的CEO遴选工作正式收官。根据安 排，相关人事任命公告最早可能于周一正式对外披露。 福兰的加入恰逢克罗格战略转型的关键节点。当前，公司正面临食品价格持续承压的行业环境，同时在 2024年拟以200亿美元收购艾伯森(ACI.US)的并购计划受阻后，亟需探索新的增长路径。另一方面，消 费者价格敏感度居高不下，促使克罗格加速调整竞争策略——通过强化与折扣杂货店的正面竞争，在保 持市场份额的同时寻求差异化突破。 值得一提的是，此次领导层变动还正值大型零售企业普遍出现高管更迭之际，塔吉特(TGT.US)和沃尔 玛(WMT.US)近期也迎来了新任首席执行官。克罗格公布其2024财年收入为1470亿美元，并表示尽管来 自阿尔迪、沃尔玛和普布利克斯的竞争加剧，但其努力已助力其在食品杂货市场扩大了份额。 自去年长期执掌克罗格的首席执行官罗德尼.麦克马伦因道德问题辞职后，该公司便由董事长罗恩.萨金 特(Ron Sargent，曾任史泰博首席执行官)临时执掌。在萨金 ...

据知情人士称，美国食品杂货巨头克罗格（Kroger ）计划聘请格雷格·福兰（Greg Foran）担任CEO，后 者曾执掌一家航空公司和沃尔玛美国分公司。 克罗格一直在寻找新的CEO人选。去年，该公司解雇了罗德尼·麦克马伦（Rodney McMullen），原因是 董事会调查发现他的个人行为与公司某些政策"不符"。 据知情人士称，美国食品杂货巨头克罗格（Kroger ）计划聘请格雷格·福兰（Greg Foran）担任CEO，后 者曾执掌一家航空公司和沃尔玛美国分公司。 克罗格一直在寻找新的CEO人选。去年，该公司解雇了罗德尼·麦克马伦（Rodney McMullen），原因是 董事会调查发现他的个人行为与公司某些政策"不符"。 据报道，克罗格预计将于当地时间周一宣布这一决定。 出生于新西兰的福兰曾在 2020 年 2 月至 2025 年 10 月期间担任新西兰航空公司的CEO。在加入新西兰 航空之前，他曾担任沃尔玛美国业务的总裁兼CEO。在那里，他因专注于改善现有门店而使公司实现了 扭亏为盈。在他的领导下，该部门实现了连续 20 个季度的可比销售额增长。 责任编辑：于健 SF069 据报道，克罗格预计将于当地 ...

Core Viewpoint - Kroger is set to appoint Greg Foran as the new CEO, following the ousting of Rodney McMullen due to personal conduct issues [1][5]. Group 1: CEO Appointment - Kroger has been searching for a permanent CEO since the removal of Rodney McMullen last year [4]. - The announcement of Greg Foran's appointment is expected as soon as Monday [2]. - Foran previously served as the CEO of Air New Zealand and was the president and CEO of Walmart's US operations [6]. Group 2: Greg Foran's Background - Foran led Air New Zealand from February 2020 to October 2025, managing crises during the COVID-19 pandemic [4]. - Under Foran's leadership at Walmart's US operations, the unit experienced 20 consecutive quarters of comparable sales growth [5].

Group 1 - The core focus of the article is on Greg Foran taking the leadership role at a major grocery chain, addressing challenges posed by cash-strapped consumers while aiming to expand the company's market presence [1] Group 2 - The company is navigating a landscape where shoppers are increasingly constrained financially, which impacts purchasing behavior and overall sales [1] - There is a strategic emphasis on expanding the company's footprint, indicating plans for growth and increased market share [1]

This story was originally published on Grocery Dive. To receive daily news and insights, subscribe to our free daily Grocery Dive newsletter. Dive Brief: Kroger has promoted Mike Goodwin, vice president of operations for the company’s Fred Meyer Division, to president of its Central Division, which oversees stores from northwestern Ohio to southeastern Missouri, the company confirmed with Grocery Dive on Wednesday.  Goodwin succeeds Colleen Juergensen, who recently announced plans to retire after 45 yea ...

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