Dollar Tree announced a significant leadership change on November 3, 2024, with Michael C. Creedon Jr. appointed as interim CEO, succeeding Rick Dreiling who stepped down due to health concerns. Edward J. Kelly III was elected as the new Chairman. The company reaffirmed its fiscal Q3 2024 outlook and is progressing with its strategic review of Family Dollar.Creedon, 48, previously served as Chief Operating Officer since October 2022. His compensation package includes a $1.1 million annual base salary, $2.25 million in long-term incentive awards, and a potential $500,000 bonus tied to the Family Dollar review. The company's Board of Directors has initiated a search for a permanent CEO, considering both internal and external candidates.Dollar Tree also amended its By-Laws, reducing the number of directors from 11 to 10. The company reiterated its commitment to completing the strategic review of Family Dollar, which could result in a sale, spin-off, or other disposition. Dollar Tree operates over 16,300 stores across the U.S. and Canada under the Dollar Tree, Family Dollar, and Dollar Tree Canada brands.

Dollar Tree announced a significant leadership change on November 3, 2024, with Michael C. Creedon Jr. appointed as interim CEO, succeeding Rick Dreiling who stepped down due to health concerns. Edward J. Kelly III was elected as the new Chairman. The company reaffirmed its fiscal Q3 2024 outlook and is progressing with its strategic review of Family Dollar.Creedon, 48, previously served as Chief Operating Officer since October 2022. His compensation package includes a $1.1 million annual base salary, $2.25 million in long-term incentive awards, and a potential $500,000 bonus tied to the Family Dollar review. The company's Board of Directors has initiated a search for a permanent CEO, considering both internal and external candidates.Dollar Tree also amended its By-Laws, reducing the number of directors from 11 to 10. The company reiterated its commitment to completing the strategic review of Family Dollar, which could result in a sale, spin-off, or other disposition. Dollar Tree operates over 16,300 stores across the U.S. and Canada under the Dollar Tree, Family Dollar, and Dollar Tree Canada brands.