Walmart's U.S. chief executive is leaving the company to become Air New Zealand's CEO. Greg Foran, a New Zealand native, will take up the position in the first quarter of 2020.

Foran replaces Christopher Luxon, who announced his resignation in June.

Greg Foran
Greg Foran

Air New Zealand chairwoman Therese Walsh said, "We are thrilled to have attracted a world-class Kiwi back home. Greg has an impeccable track record in delivering strong commercial performance, outstanding customer focus and in building teams that can take a business to the next level."

Foran has led Walmart's U.S. division for the past five years, a period in which the company achieved multiple consecutive quarters of sales growth. He is widely credited with leading a turnaround by improving existing Walmart stores and slowing the growth of new-store openings.

Commenting on his hire at Air New Zealand, Foran said, "I am an incredibly proud Kiwi, and to be given the job of nurturing and building on the legacy of an iconic company that represents the best of our nation at home and around the world really excites me. Air New Zealand is deservedly recognized as one of the world's great airlines, and I look forward to working alongside its people to take it to the next level."

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