Dollar Tree recently made headlines as it announced a leadership shakeup within its C-suite. The retailer revealed several executive changes were underway as part of its long-term strategies.
One such development is the search for a new Chief Financial Officer as the retailer’s Kevin Wampler announced he will be transitioning out of his role. Wampler will remain with the company as an advisor until April 2023, and he will stay in his position until a successor is named.
In addition to the search for a CFO, Dollar Tree is looking for several new leaders to fill its C-suite as other successor searches are underway. It was announced that 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.
The Deli Market News team will keep a pulse on the radar.