Dollar Tree CEO Rick Dreiling resigns for health reasons; COO Michael Creedon named interim CEO.

Dollar Tree CEO Rick Dreiling has resigned due to health issues, with COO Michael C. Creedon appointed as interim CEO. The company has experienced significant challenges, including a 50% drop in shares and a reported net loss of $1.71 billion in Q4. Dollar Tree is currently searching for a permanent CEO and is reviewing strategic options for Family Dollar, which could involve selling or spinning off the struggling chain.

November 04, 2024
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