Dollar Tree Appoints Michael C. Creedon, Jr. as CEO
Dollar Tree Announces New Leadership Appointment
Dollar Tree, Inc. (NASDAQ: DLTR) has made a significant announcement regarding its executive leadership. The company has appointed Interim CEO Michael C. Creedon, Jr. as its permanent Chief Executive Officer. This decision came from the company’s Board of Directors, who found Creedon to be the right fit during a comprehensive search process.
Michael C. Creedon, Jr.'s Background
Creedon joined Dollar Tree in 2022, initially serving as the Chief Operating Officer. Since then, he has been entrusted with increasing responsibilities within the organization. In November, he was named Interim Chief Executive Officer after the departure of Rick Dreiling. Creedon now oversees a substantial team of over 200,000 associates and manages more than 16,000 stores under both the Dollar Tree and Family Dollar brands.
Board's Confidence in Creedon
Edward (Ned) J. Kelly, III, the Chairman of the Board, expressed unanimous support for Creedon's leadership. He highlighted Creedon's comprehensive understanding of the company as well as his strong strategic vision, which has garnered considerable trust and respect throughout the organization. Kelly emphasized the Board's confidence in Creedon’s ability to steer Dollar Tree towards future growth and success.
Creedon's Vision for Dollar Tree
In his new role, Creedon remarked on the honor of leading Dollar Tree during this crucial period. He emphasized his commitment to creating long-term value for associates, customers, and shareholders. Creedon aims to maintain a strong focus on operational excellence and guiding the company to unlock its full potential in the retail market.
Previous Experience and Education
Before his tenure at Dollar Tree, Creedon brought considerable experience from his time at Advance Auto Parts, where he held various leadership roles. His most recent position was Executive Vice President and President of U.S. stores. Additionally, Creedon has held executive positions at Tyco International and ADT Security. He earned a Bachelor of Arts in Economics from Middlebury College and is actively engaged in the Hampton Roads community.
Overview of Dollar Tree, Inc.
Dollar Tree represents a Fortune 200 Company which operates 16,590 stores across 48 states and five Canadian provinces as of November 2024. The retail stores primarily function under the Dollar Tree, Family Dollar, and Dollar Tree Canada brands. To discover more about what makes Dollar Tree unique, visit their official website.
Frequently Asked Questions
Who is the new CEO of Dollar Tree?
Michael C. Creedon, Jr. has been appointed as the new Chief Executive Officer of Dollar Tree, Inc.
When did Michael C. Creedon, Jr. join Dollar Tree?
Creedon joined Dollar Tree in 2022 as the Chief Operating Officer.
What are Michael Creedon's plans for Dollar Tree?
Creedon aims to focus on delivering long-term value to all stakeholders and unlocking the company's full potential.
What brands does Dollar Tree operate?
Dollar Tree operates under the Dollar Tree, Family Dollar, and Dollar Tree Canada brands.
How many stores does Dollar Tree operate?
As of November 2024, Dollar Tree operates a total of 16,590 stores across various regions.
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