~ Gary Philbin Promoted to Enterprise
President of Dollar Tree, Inc. ~
~ Duncan Mac Naughton Named President of the
Family Dollar Banner ~
Dollar Tree, Inc. (NASDAQ: DLTR), North America’s leading
operator of discount variety stores, today announced management
changes, including the promotion of Gary Philbin and the addition
of Duncan Mac Naughton.
Gary Philbin, age 60, has been promoted to Enterprise President
of Dollar Tree, Inc. In his new role, Mr. Philbin’s
responsibilities will include store operations, merchandising,
marketing and real estate across all banners including Dollar Tree,
Family Dollar and Dollar Tree Canada. He will continue to report to
Bob Sasser, Chief Executive Officer.
With more than 15 years at Dollar Tree, Mr. Philbin has served
in numerous leadership capacities within the Dollar Tree, Dollar
Tree Canada and Family Dollar banners. He most recently served as
President and Chief Operating Officer of Family Dollar, where he
oversaw the development of strategic initiatives and the successful
achievement of budgetary, synergy, and transition goals following
Dollar Tree’s acquisition of Family Dollar in July 2015. From 2007
to 2015, prior to the acquisition of Family Dollar, he served as
President, Chief Operating Officer for the Dollar Tree banner. He
began his career with Dollar Tree in 2001 as Senior Vice President
of Stores.
“I am extremely pleased to have Gary assume this important role
for our organization,” said Bob Sasser, Chief Executive Officer.
“Since joining Dollar Tree in 2001 as Senior Vice President of
Stores and later as President and Chief Operating Officer, Gary has
played an integral role in our growth, success and sector-leading
profitability. With his experience at Dollar Tree, Dollar Tree
Canada and most recently his outstanding leadership as President of
Family Dollar, Gary is uniquely positioned to contribute to our
continued success in his new role as Enterprise President.”
“I am pleased to have the opportunity to lead the Dollar Tree,
Family Dollar and Dollar Tree Canada teams in this new role as
Enterprise President,” said Philbin. “Additionally, I would like to
welcome Duncan Mac Naughton to the Family Dollar team. Duncan is an
accomplished retail leader and will be instrumental in continuing
to develop and improve the Family Dollar banner through an intense
focus on the customer. I also want to thank the thousands of Family
Dollar team members across the country for their dedication and
efforts through the past eighteen months of integration.”
Duncan Mac Naughton, age 54, has joined the Company as President
and Chief Operating Officer of Family Dollar. He will report to
Gary Philbin, Enterprise President of Dollar Tree, Inc.
Mr. Mac Naughton has more than 30 years of leadership experience
in the food, grocery, mass merchant and specialty retail
industries. He most recently served as Chief Executive Officer of
Mills Fleet Farm. He has held numerous leadership roles at Wal-Mart
Stores, Inc., including Chief Merchandising and Marketing Officer
of Wal-Mart U.S. from 2011 to 2014, Executive Vice President of
Consumables Health and Wellness and Walmart.com from 2010 to 2011,
and Chief Merchandising Officer of Wal-Mart Canada from 2009 to
2010. From 2006 to 2009, he served as Executive Vice President,
Merchandising and Marketing for Supervalu, Inc., including serving
as the Head of the Health and Wellness Division.
“I look forward to working with Duncan as we continue to develop
the Family Dollar banner to its highest level of productivity,”
Sasser continued. “Just as we have done at Dollar Tree, our goal is
to serve the Family Dollar customer with terrific merchandise
values in stores that offer a bright, fun and friendly shopping
environment. Duncan brings a tremendous amount of experience,
retail acumen and energy to our Family Dollar brand and to the
entire Dollar Tree organization. With his extensive leadership
experience in the discount retail industry, Duncan can immediately
make important contributions to our organization. There are
exciting opportunities ahead for the Family Dollar banner under
Duncan’s leadership.”
“I am honored to lead the Family Dollar team, a well-recognized
brand with a legacy of delivering value and convenience for more
than five decades,” said Mac Naughton. “In partnership with Bob,
Gary and the entire management team, I relish the opportunity to
grow and improve the Family Dollar business. Our focus will
continue to be on meeting the everyday needs of our customers –
through providing terrific values, affordable prices, and the right
assortment in clean, convenient and shopper friendly stores.”
Shared Services, including Strategic Planning, Finance, Supply
Chain, Corporate Administration, Audit and Legal, will continue to
report to Bob Sasser, Chief Executive Officer, as will Gary Philbin
in his new role of Enterprise President.
Dollar Tree, a Fortune 200 Company, operated 14,284 stores
across 48 states and five Canadian provinces as of October 29,
2016. Stores operate under the brands of Dollar Tree, Family
Dollar, and Dollar Tree Canada. To learn more about the Company,
visit www.DollarTree.com.
A WARNING ABOUT FORWARD-LOOKING STATEMENTS: Our press release
contains “forward-looking statements” as that term is used in the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements address future events, developments or results and
typically use words such as believe, anticipate, expect, intend,
plan, forecast, or estimate. For example, our forward-looking
statements include statements regarding our infrastructure, growth
prospects and future financial and operating results. For a
discussion of the risks, uncertainties and assumptions that could
affect our future events, developments or results, you should
carefully review the “Risk Factors,” “Business” and “Management's
Discussion and Analysis of Financial Condition and Results of
Operations” sections in our Annual Report on Form 10-K filed March
28, 2016 and other filings with the Securities and Exchange
Commission. We are not obligated to release publicly any revisions
to any forward-looking statements contained in this press release
to reflect events or circumstances occurring after the date of this
report and you should not expect us to do so.
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version on businesswire.com: http://www.businesswire.com/news/home/20170105006364/en/
Dollar Tree, Inc.Randy Guiler, 757-321-5284Vice President,
Investor Relationswww.DollarTree.comDLTR-G
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