Is Dollar General looking for Vasos’ successor?
As it continues to see solid growth amid the pandemic, Dollar General could be looking for a CEO candidate to succeed current leader Todd Vasos, per a report in Reuters. Citing sources familiar with the matter, the report notes that the company has begun talking to headhunting firms and already is considering candidates — including Dollar General COO Jeff Owens.
A company spokesperson told Reuters that Vasos has not communicated any plans about leaving the company when his current contract expires in June. Unless terminated or renegotiated, the contract is set to renew automatically.
Under Vasos, Dollar General has expanded the scope of its offerings to include more fresh products, as well as home décor targeted at higher-income shoppers. The company even unveiled Popshelf last year, a concept store stocked with trendy décor, health and beauty products, as well as a crossover assortment of the retailer’s private brands — another area that has seen increased investment under Vasos.
To read the full Reuters report, click here.