Dollar General Picks Jeffery Owen To Succeed Todd Vasos As CEO

Dollar General Picks Jeffery Owen To Succeed Todd Vasos As CEO
  • Dollar General Corp DG announced Todd Vasos's decision to retire from his position as Chief Executive Officer (CEO), effective November 1, 2022. 
  • The company's Board of Directors approved the promotion of Jeffery Owen, its Chief Operating Officer since 2019, to succeed Vasos as CEO immediately following Vasos's retirement from the CEO role.
  • Vasos will serve in a senior advisory position beginning November 1, 2022, and through April 1, 2023, to assist in the leadership transition.
  • Vasos is expected to enter into a two-year consulting agreement and continue to serve as a member of the Company's Board following his retirement.
  • Jeffery Owen began his employment at Dollar General in 1992 as a store manager trainee in a Nashville, Tennessee store.
  • Owen will also be elected to serve as a member of Dollar General's Board upon the effectiveness of his promotion to CEO.
  • Price Action: DG shares closed higher by 0.40% at $253.88 on Monday.
  • Photo Via Company

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