Kroger has announced the appointment of Greg Foran, a seasoned retail executive with over 40 years of experience, as its new CEO, effective immediately. Foran succeeds Ron Sargent, who remains as Chairman of the Board. The company conducted an extensive search to find a leader with a proven track record of large-scale execution and innovation. Foran's background includes leading Walmart U.S. for six years, where he managed over 4,600 stores and one million associates, delivering 20 consecutive quarters of positive comparable sales growth. He spearheaded Walmart's digital transformation initiatives, including online ordering and pickup services, and achieved significant growth during his tenure. Most recently, Foran served as CEO of Air New Zealand, guiding the airline through the pandemic with a focus on digital transformation, operational resilience, and fleet upgrades. He emphasized culture as a foundation for growth and innovation. Ron Sargent will continue as Chairman, ensuring a smooth transition. Kroger is reaffirming its fiscal 2025 guidance and remains committed to delivering long-term value. Foran expressed enthusiasm about leading Kroger and building on its strong foundation, highlighting its talented leadership and dedicated associates. The company detailed potential risks and uncertainties related to economic conditions, competition, supply chain, regulatory environment, and other factors that could impact future performance. Kroger also outlined its strategic pillars of fresh offerings, private brands, personalization, and eCommerce as key to its growth. This leadership change aims to strengthen Kroger’s market position and accelerate its growth strategy amid a competitive retail landscape.