Goodlettsville, Tenn. — During Rick Dreiling’s 6-year tenure as CEO, the company’s store count increased by 38% to more than 11,000 stores in 40 states.
Goodlettsville, Tenn. — Dollar General Corporation’s chairman and chief executive officer, Rick Dreiling, intends to retire as CEO effective May 30, 2015 or upon the appointment of a successor. Dreiling has agreed to serve, at the discretion of the board, as chairman during a transition period following the appointment of a new CEO.
Dreiling has served as CEO since January 2008 and was named chairman of the board in December 2008. Under his leadership, the company’s annual sales have increased more than 80% to $17.5 billion in 2013 and store count has increased by 38% to more than 11,000 stores in 40 states.
“I am extremely proud of Dollar General’s track record of success over the past 6 years, and I am honored to have had the opportunity to lead such an experienced and talented team,” Dreiling says. “Dollar General is in a strong position today, and I’m confident it has excellent prospects for the future.”
“Rick Dreiling has proven that he is clearly one of retail’s leading CEOs,” says Mike Calbert, the company’s lead director.
Dreiling’s retirement date and any agreement regarding continued service on the board of directors are expected to be finalized as part of a retirement agreement between Dreiling and the company. The board of directors is conducting an internal and external search for a CEO.
Dollar General Corporation has been delivering value to shoppers for 75 years. With 11,338 stores in 40 states as of May 2, 2014, Dollar General has more retail locations in the U.S. than any other discount retailer. For more information, visit www.dollargeneral.com.
SOURCE: Dollar General Corporation