Goodlettsville, Tenn. — Dollar General Corporation has appointed its former CEO and current board member, Todd Vasos, as its next CEO. Vasos previously served as Dollar General’s CEO from June 2015 until November 2022. He will remain a member of the board of directors, a role he has held since 2015. Vasos succeeds Jeff Owen, whose separation from the company and resignation from its board was effective Oct. 12, 2023.
“The board has tremendous respect for Jeff and greatly appreciates his many contributions to the company, especially during his long tenure leading our retail operations,” says Michael Calbert, chairman of Dollar General’s board of directors. “However, at this time the board has determined that a change in leadership is necessary to restore stability and confidence in the company moving forward.”
“Dollar General has operated from a position of strength for nearly 85 years, and the board believes Todd is the right leader to refocus the company’s strategic direction and priorities to stabilize the business,” continues Calbert. “Since Todd’s retirement in April, he has remained active as a member of our board and is acutely aware of the challenges facing our business and the industry more broadly. We are confident Todd’s deep expertise and familiarity with Dollar General, as well as the strong relationships and respect he has maintained with our executive team, will support a seamless transition.”
During Vasos’ 7 years as CEO, he led the company through a period of significant transformation, accelerated growth and innovation. Under his leadership, Dollar General expanded its store base by approximately 7,000 stores and increased annual sales revenue by more than 80%. He joined Dollar General in 2008 as executive vice president, division president and chief merchandising officer and was promoted to chief operating officer in 2013. He was named CEO and joined the company’s board in June 2015. Before joining Dollar General, Vasos served in leadership positions with Longs Drug Stores Corporation, Phar-Mor Food and Drug Inc., and Eckerd Corporation.
Dollar General was founded in 1939. As of August 4, 2023, the company had 19,488 Dollar General, DG Market, DGX and pOpshelf stores across the United States and Mi Súper Dollar General stores in Mexico. For more information, visit www.DollarGeneral.com.
SOURCE: Dollar General Corporation