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Dollar Tree | 8-K: Dollar Tree Announces Leadership Transition and Reaffirms Fiscal Third Quarter Outlook

Dollar Tree | 8-K: Dollar Tree Announces Leadership Transition and Reaffirms Fiscal Third Quarter Outlook

美元树公司 | 8-K:美元树公司宣布领导层更迭并重申第三财季展望
美股SEC公告 ·  2024/11/04 16:20

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Dollar Tree announced that CEO Rick Dreiling has stepped down due to health challenges, effective November 3, 2024. Michael C. Creedon Jr., the company's COO since 2022, has been appointed as Interim CEO, while Edward J. Kelly III has been elected as Chairman. The Board has initiated a search for a permanent CEO, considering both internal and external candidates.Creedon's compensation package includes an increased annual base salary of $1.1 million and long-term incentive awards valued at $2.25 million. He will also receive a $500,000 cash bonus tied to the ongoing strategic review of Family Dollar. The company reaffirmed its Q3 2024 outlook and confirmed that the strategic review of Family Dollar, which could include a potential sale or spin-off, is progressing as planned.Prior to joining Dollar Tree, Creedon held executive leadership positions at Advance Auto Parts, including Executive Vice President of U.S. Stores. The company operates over 16,300 stores across 48 states and five Canadian provinces under the Dollar Tree, Family Dollar, and Dollar Tree Canada brands.
Dollar Tree announced that CEO Rick Dreiling has stepped down due to health challenges, effective November 3, 2024. Michael C. Creedon Jr., the company's COO since 2022, has been appointed as Interim CEO, while Edward J. Kelly III has been elected as Chairman. The Board has initiated a search for a permanent CEO, considering both internal and external candidates.Creedon's compensation package includes an increased annual base salary of $1.1 million and long-term incentive awards valued at $2.25 million. He will also receive a $500,000 cash bonus tied to the ongoing strategic review of Family Dollar. The company reaffirmed its Q3 2024 outlook and confirmed that the strategic review of Family Dollar, which could include a potential sale or spin-off, is progressing as planned.Prior to joining Dollar Tree, Creedon held executive leadership positions at Advance Auto Parts, including Executive Vice President of U.S. Stores. The company operates over 16,300 stores across 48 states and five Canadian provinces under the Dollar Tree, Family Dollar, and Dollar Tree Canada brands.
美元树公司宣布,首席执行官瑞克·德雷林因健康问题于2024年11月3日辞职。自2022年起担任公司首席运营官的迈克尔·C·克里登被任命为临时首席执行官,而爱德华·J·凯利三世被选为董事长。董事会已启动对永久首席执行官的搜索,考虑内部和外部候选人。克里登的薪酬方案包括年基础工资110万美元和价值225万美元的长期激励奖金。他还将获得50万美元的现金奖励,与对家庭美元的持续战略评估相关。公司重申了2024年第三季度的前景,并确认家庭美元的战略评估正在按计划进行,可能包括出售或剥离。在加入美元树公司之前,克里登曾在Advance Auto Parts担任高管职位,包括美国商店的执行副总裁。该公司在48个州和五个加拿大省经营着超过16,300家商店,品牌包括美元树、家庭美元和美元树加拿大。
美元树公司宣布,首席执行官瑞克·德雷林因健康问题于2024年11月3日辞职。自2022年起担任公司首席运营官的迈克尔·C·克里登被任命为临时首席执行官,而爱德华·J·凯利三世被选为董事长。董事会已启动对永久首席执行官的搜索,考虑内部和外部候选人。克里登的薪酬方案包括年基础工资110万美元和价值225万美元的长期激励奖金。他还将获得50万美元的现金奖励,与对家庭美元的持续战略评估相关。公司重申了2024年第三季度的前景,并确认家庭美元的战略评估正在按计划进行,可能包括出售或剥离。在加入美元树公司之前,克里登曾在Advance Auto Parts担任高管职位,包括美国商店的执行副总裁。该公司在48个州和五个加拿大省经营着超过16,300家商店,品牌包括美元树、家庭美元和美元树加拿大。
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