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0.000833564105811138 0.000416086256490011 -0.00236709940565077 -0.00146256406545486 -0.00285415689652535 -0.011134134241394 -0.0157263905839263 -0.0167700852072291
Stock impact report

Kroger picks former Walmart executive as first external CEO [Los Angeles Times (CA)]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Foran, 64, steps in as Kroger's first external CEO after nearly a yearlong search. The Cincinnati-based retailer ousted CEO Rodney McMullen in March following a probe into his personal conduct, which came on the heels of a $24.6 billion merger with Albertsons Cos. being blocked on antitrust grounds. Since then, Kroger has been led by interim chief Ron Sargent, a longtime board member. Foran most recently led Air New Zealand Ltd. following an eight-year stint at Walmart Inc. The appointment marks a homecoming of sorts for the New Zealand native, who is credited for turning around Walmart's US business in the mid-to-late 2010s. He made Walmart stores cleaner and friendlier, in addition to improving in-stock availability and overall appearance of stores. He left Air New Zealand in October. The hiring of Foran would be an “incremental positive” to the investment case for Kroger after his experience improving results at Walmart, Morgan Stanley analyst Simeon Gutman wrote in a research Show less Read more
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