Dollar Tree Reveals Several Changes Within Its C-Suite; Mike Witynski and Rick Dreiling Detail
CHESAPEAKE, VA - We could all use a little shakeup every once in a while to keep the creative juices flowing. One way to maintain a high level of energy is to implement changes across your leadership team, which is exactly what Dollar Tree is doing. The retailer recently announced several different executive changes set to reinvigorate its long-term strategies.
The search for a new Chief Financial Officer is on, as current CFO Kevin Wampler will transition out of his role once a successor is named. However, he will remain with the company as an advisor until April 2023.
Several other successor searches are underway, as Chief Legal Officer and Corporate Secretary William Old, Chief Operating Officer Thomas O’Boyle, Chief Strategy Officer David Jacobs, and Chief Information Officer Andy Paisley are no longer with the company. According to a press release, the company is in advanced discussions with several candidates.
“As we look to the future, I believe these changes within our leadership team will bring new perspectives and experiences that will help accelerate our continued growth and deliver even greater value for our shareholders, customers, employees, and suppliers,” stated Mike Witynski, President and Chief Executive Officer. “I want to thank Kevin, Will, Tom, David, and Andy for their many years of dedicated service to the company and for enabling us to get to this point. We wish each of them the best in their future endeavors.”
Rick Dreiling, Executive Chairman, also commented on the executive shakeup.
“Our Board is fully aligned with Mike that now is the right time to bring in new leadership to ensure the company remains on a strong trajectory,” Dreiling stated as a follow-up to Witynski’s comment, noting how these upcoming leadership changes will position Dollar Tree to achieve even greater growth in the coming months.
As the retailer continues its search for these successors, ANUK will keep you informed.