Kroenke, who became the club's majority shareholder earlier this year, has rarely voiced his opinion on club matters publicly.
However, in a departure from the norm, Kroenke has revealed he has "tremendous confidence" that Wenger, who this season celebrates 15 seasons in charge of the Gunners, is the right man to take the club forward.
"He [Wenger] is a very intelligent guy," Kroenke said, according to The Daily Mail. "You can talk to him about anything and, when he starts talking to people, I really love to listen to him.
"He should hold seminars.
"I have tremendous confidence in him. He is one of the great managers in the world.
"Arsene's our man."
Refuting claims that Wenger's time in charge of the club was under intense scrutiny, Kroenke hinted that the Frenchman would only be removed as manager when he no longer wanted the job.
"With Arsene, it's his decision and only he will know that.
"He is one of my favourite people I have met in the last 20 years.
"He is a great person and I love the way he handles himself. I love his focus."
Since taking over from Bruce Rioch in 1996, Wenger has won four Premier League titles and four FA Cups, and also led his team to a runners-up finish in the Champions League in 2006.