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Posted 28 June, 2022

DOLLAR TREE, INC. appointed new CEO

CEO Change detected for ticker Nasdaq:DLTR in a 8-K filed on 28 June, 2022.


  On June 28, 2022, Dollar Tree, Inc. (the "Company") announced a number of executive transitions to meet the evolving needs of its business following a strategic review by Michael A. Witynski, President and Chief Executive Officer of the Company, and Richard W. Dreiling, Executive Chair.  

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Overview of DOLLAR TREE, INC.
Retail/Wholesale • Mixed Retailing
Dollar Tree, Inc. owns and operates discount variety stores offering merchandise at fixed prices. It operates through the Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and Canada. The Family Dollar segment consists of a chain of general merchandise retail discount stores providing consumers with a selection of competitively priced merchandise in convenient neighborhood stores. The company was founded by J. Douglas Perry and Macon F. Brock, Jr. in 1953 and is headquartered in Chesapeake, VA.
Market Cap
$31.9B
View Company Details
DOLLAR TREE, INC. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On June 28, 2022, Dollar Tree, Inc. (the "Company") announced a number of executive transitions to meet the evolving needs of its business following a strategic review by Michael A. Witynski, President and Chief Executive Officer of the Company, and Richard W. Dreiling, Executive Chair. These executive transitions include the following:


· Kevin S. Wampler will continue in his current role as Chief Financial Officer until a successor begins serving, and will continue with the Company following such transition date until April 30, 2023, during which time he will provide such transition or other duties as requested by the Company. Mr. Wampler's transition is not due to any disagreement with the Company on any matter relating to the Company's financial reporting, policies or practices. The Company is currently recruiting for a replacement for Mr. Wampler. 


· In addition, four executive officers ceased employment with the Company on June 27, 2022: William A. Old, Jr., Chief Legal Officer and Corporate Secretary; Thomas R. O'Boyle, Enterprise Chief Operating Officer; David A. Jacobs, Chief Strategy Officer; and James A. (Andy) Paisley, Chief Information Officer. The four departing executives will each receive a severance of continued base salary for twenty-four (24) months and certain other benefits in accordance with the terms of their existing executive agreements. Long-term incentive awards will be governed by the terms of the existing plans and award agreements. The Company has named interim leaders who will assume the responsibilities of these positions until replacements are recruited, including Mr. Witynski who will serve as interim chief operating officer of the Company.