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.
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."