Help has finally arrived at Kroger.
The supermarket conglomerate said on Monday that it has hired former Walmart U.S. and Air New Zealand CEO Greg Foran to be its new chief executive, filling a corner office that has sat empty for almost a year. Foran is the executive whose hands-on style and high standards revitalized Walmart’s mammoth grocery business a decade ago. Wall Street clearly loved the appointment: Kroger shares shot up as much as 8% on the news.
