[ad_1]
US’ Dollar General has announced Todd Vasos’ retirement from his position as chief executive officer (CEO) effective November 1, 2022. Additionally, the company’s board of directors approved the promotion of Jeffery Owen, its chief operating officer since 2019, to succeed Vasos as CEO effective immediately following Vasos’ retirement from the CEO role.
To assist in the transition of leadership, Vasos is expected to serve in a senior advisory position beginning November 1, 2022, and continuing through April 1, 2023, at which time Vasos will retire from employment with the company. Vasos is expected to enter into a two-year consulting agreement and continue to serve as a member of the company’s board of directors following his retirement from the company, the company said in a press release.
US’ Dollar General has announced Todd Vasos’ retirement from his position as chief executive officer (CEO) effective November 1, 2022. Additionally, the company’s board of directors approved the promotion of Jeffery Owen, its chief operating officer since 2019, to succeed Vasos as CEO effective immediately following Vasos’ retirement from the CEO role.
Owen currently serves as Dollar General’s chief operating officer, a position he has held since August 2019, with responsibility for store operations, merchandising and supply chain. Throughout his tenure with Dollar General, Owen has held numerous positions of increasing responsibility including executive vice president, store operations from 2015-2019 and senior vice president, store operations from 2011-2014. He has served as a director of Kirkland’s since March 2015. He is also a board member for the Joe C. Davis YMCA Outdoor Center and Camp Widjiwagan in Antioch, TN.
“On behalf of the board of directors, I want to thank Vasos for his many years of service to Dollar General, his outstanding leadership, commitment to our values and dedication to the company, its employees, customers, communities and shareholders. He led Dollar General through a period of significant transformation, accelerated growth and innovation. We are a stronger, more resilient, and longer term strategically driven organisation than when he took the reins in 2015,” Michael Calbert, chairman of Dollar General’s board of directors, said.
“Serving my fellow employees, our customers and our communities as CEO has been the greatest privilege of my career. Together, we ushered in an era of unrivalled growth while staying true to our mission of serving others. Today, we are so much more than a dollar store, proudly serving millions of Americans as their neighbourhood general store. Having worked with Owen for many years, I am confident in his leadership abilities and capability to lead Dollar General into our next chapter of growth and service,” Vasos said.
“I am deeply honoured to have the opportunity to build on Vasos’ incredible tenure as CEO. I am equally humbled to lead Dollar General as we continue to serve our customers with value and convenience, support the communities we proudly call home and provide our employees with career and growth opportunities. For the past three decades, I’ve grown and developed within our company, and I couldn’t be prouder to serve as CEO alongside an amazing team in our stores, distribution centres, private fleet, and store support centre,” Owen said.
Fibre2Fashion News Desk (GK)
[ad_2]
Source link
