Dollar General Appoints John W. Garratt as Interim CFO
Thu, 25 Jun 2015
GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--
Dollar General Corporation (NYSE: DG) today announced the appointment of
John W. Garratt as interim chief financial officer effective July 1,
2015. He follows David Tehle, who had previously announced his
retirement in March 2015.
“We are fortunate to have John serve as our interim CFO. I look forward
to continuing to work with him as we execute our new store growth,” said
Todd J. Vasos, Dollar General’s chief executive officer.
Garratt, who is currently the senior vice president of finance and
strategy, will now oversee all aspects of the Company’s financial,
accounting and information technology operations until a new CFO is in
place. Prior to joining Dollar General in 2014, Garratt held various
positions of increasing responsibility in the finance organization of
Yum! Brands between May 2004 and October 2014, and held leadership
positions in corporate strategy and financial planning. Most recently,
he was vice president, finance and division controller for KFC. Prior to
Yum! Brands, Garratt served as Plant Controller for Alcoa from April
2002 to May 2004. He also spent three years with General Electric in
various financial management roles with increasing responsibility. He
started his career at Alcoa where he worked for approximately nine years
from May 1990 to March 1999. Garratt holds a bachelor’s degree in
finance from Indiana University and an MBA in finance and strategy from
Carnegie Mellon University.
The Company has engaged a leading executive search firm to assist with
the search for a permanent CFO and will consider both internal and
external candidates for the job.
About Dollar General Corporation
Dollar General Corporation has been delivering value to shoppers for
over 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, housewares and seasonal items at low everyday
prices in convenient neighborhood locations. With more than 12,000
stores in 43 states, Dollar General has more retail locations in the
U.S. than any other discount retailer. 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
Pilkington, 615-855-5536 Matt Hancock, 615-855-4811 or Media
Contact: Dan MacDonald, 615-855-5209
