Dollar General Announces Key Management Appointments
Mon, 04 Nov 2013
GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--
Dollar General Corporation (NYSE:DG) today announced an enhanced
management structure to align the company for continued future growth.
In this new structure, Dollar General will be better positioned to
improve operational efficiencies and capitalize on the power and scale
of the company.
In announcing the executive appointments, Rick Dreiling, chairman and
CEO, said, “Dollar General is an exceptional company because of our
people. As the company has nearly doubled its sales since 2007, this new
reporting structure will allow us to continue to capture growth
opportunities ahead of us and effectively leverage our infrastructure
while allowing me to focus more of my attention on overall strategy and
long-term growth.”
Dollar General announced the following leadership changes, effective
immediately:
Todd Vasos, most recently the executive vice president and CMO, has been
named chief operating officer with responsibility for Store Operations,
Merchandising and Supply Chain. Since joining the company in December
2008, Vasos has demonstrated exceptional vision and leadership while
implementing numerous innovative merchandising initiatives key to Dollar
General’s growth. Vasos has proven operating success with more than 25
years of experience across multiple retail segments. He served
previously as executive vice president and chief operating officer at
Longs Drugs, the California-based pharmacy chain acquired by CVS in
2008. Prior to that, he served as senior vice president and chief
merchandising officer at Longs. He also held leadership positions at
Eckerd Drug and Phar-Mor Food and Drug. Vasos earned a bachelor’s degree
in marketing from Western Carolina University.
David D’Arezzo has joined the company as executive vice president and
CMO. D’Arezzo brings more than 30 years of retail and consumer product
company experience across merchandising and operations. Most recently,
D’Arezzo served as executive vice president and chief operating officer
of Grocers Supply and previously served as senior vice president and
chief merchandising officer for Duane Reade. D’Arezzo earned a
bachelor’s degree in business administration from the University of San
Francisco and a master of business administration from The Wharton
School at the University of Pennsylvania.
Dreiling continued, “The alignment of our organization across Store
Operations, Merchandising and Supply Chain with the promotion of Todd to
chief operating officer and the addition of David will create an even
stronger management team and position us well for future growth.
“Dollar General has strong management depth across the organization,
which clearly understands our industry, our operations and our people.
Now is the perfect time to strengthen that expertise with the addition
of David to the team. Having personally experienced the impact he made
at Duane Reade, I believe his vision, ability to drive results and deep
experience across several industries will provide a unique perspective
to Dollar General.”
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 or Emma Jo Kauffman, 615-855-5525 or Media
Contacts: Dan MacDonald, 615-855-5209 or Crystal
Ghassemi, 615-855-5210 or PR Hotline: 1-877-944-DGPR (3477) pr@dg.com
