CHESAPEAKE, VA - As Family Dollar prepares to become a standalone company, its future leadership team is taking shape. Dollar Tree, Inc., in partnership with Brigade Capital Management and Macellum Capital Management, 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.

Mr. 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.

Mr. 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.

“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., in a recent press release. “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.”

The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions.