The exterior of a Dollar General convenience store is seen in Austin, Texas, on March 16, 2023.
Brandon Bell | Getty Images
Dollar General’s former CEO Todd Vasos is coming out of retirement to helm the company, which aims to rebound from slowing growth and allegations of unsafe working conditions.
Vasos, who served as the discounter’s CEO between June 2015 to November 2022, will replace Jeff Owen effective immediately, the company announced on Thursday.
“The Board has tremendous respect for Jeff and greatly appreciates his many contributions to the Company, especially during his long tenure leading our retail operations,” said Michael Calbert, the chairman of the company’s board, in a statement. “However, at this time, the Board has determined that a change in leadership is necessary to restore stability and confidence in the Company moving forward.”
Owen had been in the role for less than a year. During that time, Dollar General has seen a slowdown in its sales growth and has faced…
2023-10-12 16:23:00
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