Chesapeake, Va. — Mike Witynski, who has been in leadership positions at Dollar Tree since 2010 and served as CEO since 2020, is stepping down from the Dollar Tree board and leaving the company. Dollar Tree, Inc. has named a new executive chairman, Rick Dreiling, who will expand his role to assume the position of chief executive officer, effective January 29.
“The opportunity to work with the talented and dedicated team at Dollar Tree has been the most rewarding of my career,” says Witynski. “During this especially dynamic period, we made the historic and consequential move to ‘break the dollar,’ and also rose to the historic opportunity to retool the company’s leadership ranks to face the challenges ahead with fresh eyes. As I depart, I have full confidence that this team will continue to move the company forward through the years ahead.”
Dreiling says: “We greatly appreciate Mike’s contribution over his career with Dollar Tree, which included the acquisition and integration of Family Dollar, navigating COVID, and contributing to the company’s current transformation strategy.”
Dreiling has a demonstrated track record of creating exceptional shareholder value with more than 50 years of retail experience at all operating levels, including expanding the footprint and offerings of several respected retailers and leading the successful transformation of multiple retailers.
Dollar Tree operated 16,293 stores across 48 states and five Canadian provinces as of October 29, 2022. Stores operate under the brands of Dollar Tree, Family Dollar and Dollar Tree Canada. For more information, visit www.DollarTree.com.
SOURCE: Dollar Tree, Inc.