Dollar General Announces Changes to Board of Directors
Wed, 13 Nov 2013
GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--
Dollar General Corporation (NYSE:DG) today announced the resignations of
Raj Agrawal and Adrian Jones as members of its board of directors
effective December 5, 2013. Mr. Agrawal, a member of KKR & Co. (LP), and
Mr. Jones, a managing director at Goldman, Sachs & Co., have served as
directors of Dollar General since 2007.
The entity controlled by KKR and Goldman Sachs, which purchased the
company in 2007, now owns less than 2% of the company’s outstanding
common stock. Based on this reduced level of ownership, KKR and Goldman
Sachs have determined to reduce or eliminate, as applicable, their
representation on the company’s board of directors. Mike Calbert, a
member of KKR, will continue to serve as the lead director.
“Raj and Adrian have made substantial contributions to the success of
Dollar General. Their judgment and financial acumen have benefited both
Dollar General employees and shareholders, and I appreciate their
support over the years. On behalf of the entire board of directors, I
thank them for their service to Dollar General,” said Rick Dreiling,
chairman and chief executive officer.
About Dollar General Corporation
Dollar General Corporation has been delivering value to shoppers for
nearly 75 years. Dollar General helps shoppers Save time. Save money.
Every day!® by offering products that are frequently used and
replenished, such as food, snacks, health and beauty aids, cleaning
supplies, basic apparel, house wares and seasonal items at low everyday
prices in convenient neighborhood locations. With more than 11,000
stores in 40 states, Dollar General has more retail locations than any
retailer in America. In addition to high quality private brands, Dollar
General sells products from America's most-trusted manufacturers such as
Procter & Gamble, Kimberly-Clark, Unilever, Kellogg's, General Mills,
Nabisco, Hanes, PepsiCo and Coca-Cola. Learn more about Dollar General
at www.dollargeneral.com.
Dollar General Corporation Investor Contacts: Mary Winn
Gordon, 615-855-5536 Emma Jo Kauffman, 615-855-5525 or Media
Contacts: PR Hotline: 1-877-944-DGPR (3477) pr@dg.com Dan
MacDonald, 615-855-5209 Crystal Ghassemi, 615-855-5210
