Air New Zealand names exiting Walmart U.S. boss Foran as new CEO

NEW ZEALAND – New Zealand’s Flag carrier, Air New Zealand Ltd has named Walmart U.S. boss Greg Foran as its new chief executive in October this year, bringing him back home at a time the airline is trying to control costs in a lower-growth environment. New Zealand-born Foran is credited with turning around Walmart Inc’s U.S. business as its president and CEO since 2014, with the unit reporting 20 quarters of comparable sales growth under his leadership. Air New Zealand Chairman Therese Walsh said the carrier was “thrilled to have…

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