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Dollar Tree announces board of directors retirement

Dollar Tree’s board of directors is saying a bittersweet farewell to one of its own.

The Chesapeake, Va.-based company announced that Mary Anne Citrino will be retiring, effective Dec. 31.

“Serving as an independent director since August 2005, Mary Anne has contributed to Dollar Tree’s significant growth and success,” Bob Sasser, executive chairman of Dollar Tree, said. “During Mary Anne’s tenure, the company’s retail store base has grown from less than 4,000 to more than 15,000 stores; and annual revenues have increased from less than $4 billion to more than $22 billion.”

Citrino was a senior advisor at Blackstone, where she also served as its senior managing director. She also serves on the board of Hewlett Packard, Ahold Delhaize and Aloca.

“It has been a privilege to work with Mary Anne for the past 13 years,” Sasser said. “Dollar Tree has benefitted from Mary Anne’s strategic vision, extensive financial analysis skills and vast experiences with mergers and acquisitions. We offer our sincere gratitude to Mary Anne for her years of service to our company and our board. We will commence our search for an independent director to join our board following Mary Anne’s retirement at the end of the year.”
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