UPDATE 1-Dollar General names retail veteran Jerry Fleeman Jr. as new CEO

Dollar General Corporation -3.36%

Dollar General Corporation

DG

115.73

-3.36%

Adds details from the release

March 24 (Reuters) - Dollar General DG.N on Tuesday named Jerry Fleeman Jr. as its new chief executive officer, effective January 1, 2027, replacing Todd Vasos.

Fleeman is currently the CEO of the U.S. division of multinational retailer Ahold Delhaize, and has worked with the company for over 35 years. He also helmed the creation of a proprietary e-commerce platform for Ahold Delhaize USA, Dollar General said in a statement.

Vasos served as Dollar General's top boss for a combined 10 years from 2015 and steered the company as it expanded its digital presence and delivery options.

The announcement of a new CEO comes just days after the company forecast soft full-year sales that sent shares of the dollar store chain tumbling.


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