Press release
Dollar Tree Announces Planned Leadership Succession
~ Michael A. Witynski Promoted to President and Chief Executive Officer ~ ~ Gary Philbin Announces Retirement after Successful 40-Plus Year Career in Retail
About this update from Dollar Tree, Inc.
[{"type":"text","content":"\n~ Michael A. Witynski Promoted to President and Chief Executive Officer ~\n\n\n~ Gary Philbin Announces Retirement after Successful 40-Plus Year Career in Retail ~\n\n CHESAPEAKE, Va.--(BUSINESS WIRE)--\nDollar Tree, Inc. (NASDAQ: DLTR), today announced that Michael A. Witynski, 57, Enterprise President of Dollar Tree, has been promoted to President and Chief Executive Officer. Gary Philbin, 63, who joined Dollar Tree in 2001 and became CEO in 2017, is retiring after a successful retail career of more than 40 years. To facilitate a smooth transition, Mr. Philbin will remain with the Company as an executive and member of the Board of Directors through September 23, 2020.\n\n\nBob Sasser, Executive Chairman, said, “Mike is a proven leader, having joined the Company in 2010 as Senior Vice President of Stores and rising to President and Chief Operating Officer of Dollar Tree Stores in 2017. He was then promoted to Enterprise President in 2019, where he was responsible for leading the merchandising, store operations, and supply chain functions for both the Dollar Tree and Family Dollar brands. Under Mike’s leadership, we have driven outstanding performance — first at Dollar Tree and most recently at Family Dollar. He helped put in place a broad range of operational and talent initiatives to position our Company for an even more successful future, as witnessed by the recent successes at Family Dollar. I am delighted to have Mike Witynski step into this new leadership role.”\n\n\nPrior to joining Dollar Tree in 2010, Mr. Witynski held senior leadership roles in merchandising, marketing, private brands and operations during his 29 years in the grocery industry.\n\n\nSasser continued, “The Board and I are grateful to Gary Philbin for his steadfast commitment and tireless efforts over nearly two decades to help make Dollar Tree the company it is today. Gary’s leadership as CEO brought our banners together as one company in Chesapeake. Through his efforts, we have a succession plan in place to ensure the smoothest possible leadership transition. On behalf of the Board, his colleagues and our associates, we thank Gary and wish him all the best in his well-deserved retirement.”\n\n\nMike Witynski stated, “I am honored to take on this new role and excited about Dollar Tree’s opportunities to drive even more value for our customers and share...