Dollar General Names Todd Vasos as Chief Executive Officer; Michael Calbert Comments

Dollar General Names Todd Vasos as Chief Executive Officer; Michael Calbert Comments

GOODLETTSVILLE, TN - Todd Vasos, current Board Member and former Chief Executive Officer of Dollar General, will be returning to his post as CEO.

Todd Vasos, Chief Executive Officer, Dollar General“I am honored to be rejoining Dollar General at this pivotal time for our company,” said Vasos. “I look forward to getting back to work with the broader team as we strive to return to a position of operational excellence for our employees and customers and deliver sustainable, long-term growth and value creation for our shareholders.”

Vasos, who served as Dollar General’s CEO from June 2015 to November 2022, has agreed to lead the company for the foreseeable future. He will remain a member of the Board of Directors and succeeds Jeff Owen.

Dollar General revealed that Todd Vasos, current Board member and former Chief Executive Officer, was recently reappointed to the role of CEO

As a release outlined, Vasos has extensive experience leading the retailer. During his time as CEO, he led the company through a period of significant transformation, accelerated growth, and innovation. Under his leadership, Dollar General expanded its store base by approximately 7,000 stores, added nearly 60,000 net new jobs, increased annual sales revenue by more than 80 percent, and more than doubled its market capitalization to approximately $58 billion.

Michael Calbert, Chairman of the Board, Dollar General“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, Chairman of Dollar General’s Board of Directors. “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.”

Vasos joined Dollar General in 2008 as Executive Vice President, Division President and Chief Merchandising Officer before being promoted to Chief Operating Officer in 2013. Before joining Dollar General, Vasos served in leadership positions with Longs Drug Stores Corporation, Phar-Mor Food and Drug, and Eckerd Corporation. According to a press release, Vasos has also served as a Director of KeyCorp since July 2020.

For more comments from the company, please click here.

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