Dollar General taps COO Todd Vasos as new chief executive

GOODLETTSVILLE, Tenn. — Dollar General on Thursday named Todd J. Vasos, COO, to the position of chief executive, effective June 3. He has also been elected to the board.

 

Vasos will succeed Rick Dreiling, chairman and CEO, who had previously announced his retirement plans. Dreiling will remain on the board for the remainder of his term and will serve as senior advisor and chairman of the board through January 29, 2016.

 

The election of Vasos to Dollar General’s board will bring the total number of directors to nine.

 

“Todd (Vasos) is a proven leader and the right person to guide Dollar General as it enters this next chapter in the company’s history. With Todd’s appointment as CEO and Rick’s continued service, we ensure the continuation of both the leadership and strategy that have made Dollar General a retail powerhouse,” said Mike Calbert, lead director, Dollar General, which operates 11,999 stores in 43 states.

 

Vasos joined Dollar General in December 2008 as executive VP, division president and chief merchandising officer. He was promoted to COO in November 2013.

 

Prior to joining Dollar General, Vasos served in executive positions with Longs Drug Stores Corporation for seven years. He also previously served in leadership positions at Phar-Mor Food and Drug Inc. and Eckerd Corporation.