Press release
Family Dollar Names Duncan MacNaughton Chairman and Chief Executive Officer
CHESAPEAKE, Va.--(BUSINESS WIRE)-- As Family Dollar prepares to become a standalone company, its future leadership team is taking shape. Dollar Tree, Inc.
About this update from Dollar Tree, Inc.
[{"type":"text","content":" CHESAPEAKE, Va.--(BUSINESS WIRE)--\nAs Family Dollar prepares to become a standalone company, its future leadership team is taking shape. Dollar Tree, Inc. (NASDAQ: DLTR), in partnership with Brigade Capital Management and Macellum Capital Management, today announced that Duncan MacNaughton will serve as Chairman and Chief Executive Officer of Family Dollar following the close of the previously announced divestiture. Jason Nordin will continue to serve as President of Family Dollar.\n\nMr. MacNaughton is a seasoned retail executive with more than 30 years of experience leading large-scale businesses through growth and transformation. He previously served as President and Chief Operating Officer of Family Dollar and is known for his deep understanding of value retail and commitment to delivering for customers.\n\nMr. Nordin, who has been leading the stand-up of the new Family Dollar organization, brings a strong track record in enterprise strategy, operations, and transformation. As President, he will work closely with Mr. MacNaughton to guide Family Dollar’s long-term strategic direction and operational execution.\n\n“This leadership structure brings together two highly experienced and complementary leaders who share a deep commitment to Family Dollar’s success,” said Mike Creedon, Chief Executive Officer of Dollar Tree, Inc. “Duncan’s leadership experience and passion for value retail, combined with Jason’s strategic and operational expertise, position Family Dollar for a strong future as an independent company.”\n\nThe transaction is expected to close in the second quarter of 2025, subject to customary closing conditions.\n\nA WARNING ABOUT FORWARD-LOOKING STATEMENTS: Our press release contains \"forward-looking statements\" as that term is used in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they address future events, developments or results and do not relate strictly to historical facts. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements include, without limitation, statements preceded by, followed by or including words such as: “believe”, “anticipate”, “expect”, “intend”, “plan”, “view”, “target” or “estimate”, “may”, “will”, “should”, “pre...