Dollar General CEO Todd Vasos to retire

ByMarcella L. Bouffard

Jul 13, 2022 #Boy Scout Shopping Flowers, #Busiest Car Shopping Date, #Cargills Food City Online Shopping, #Cnc Shopping .Com, #Coronavirus Food Shopping, #Creighton Shopping Center Closed, #Desert Riddge Shopping Center, #Desinho De Menina Shopping, #Dillards Rewards Shopping Pass, #Eva Air Shopping, #Fedex Integrated Shopping Cart Wix, #Forest Park Queens Shopping, #Hankou Road Shopping Shanghai, #Hobson Shopping Center Naperville, #Horario Que Abre Ikea Shopping, #Human Skeleton Model Shopping, #La Poilce Shopping, #Lego Hulk Shopping Fail, #Ms Word Shopping List Template, #Muhlenberg Shopping Plaza Reading Pa, #Online Supermarket Shopping Amherst Ny, #Pasazhi Shopping Center, #Powell St Shopping San Francisco, #Sams Club Shopping Houston Texas, #Shopping Albany Ny, #Shopping Bags Blank, #Shopping Cart Icon 50x50, #Shopping Cart Products, #Shopping Fairfield Texas, #Shopping Festa Limeira, #Shopping For Rosaries In Florence, #Shopping Mall Near Bronx Ny, #Shopping Mark Downs, #Shopping On Hwy 49, #Shopping Safely Coronavirus, #Shopping Website Amazing Deals Jeb, #Short Articles About Shopping, #Silk Scarf Shopping Beinung, #The Fountains Shopping Center Motion, #Thomas Monson Let'S Go Shopping, #Thursday Shopping Deals, #Town Square Plaza Shopping Center, #Under Armour Shopping App, #Unsifted Flour Shopping, #Urban Shopping Bag (Mabinogi, #Wandsworth Town Shopping Centre, #Weeki Wachee Shopping, #Westport Shopping Hours, #Wheatley Puppet Shopping, #Xidan Shopping Centre


Print Friendly, PDF & Email

Jeff Owen will develop into CEO effective November 1

GOODLETTSVILLE, Tenn. — Greenback Standard Corp. chief government officer Todd Vasos strategies to phase down from his position effective November 1, the business introduced on Tuesday. He will be succeeded by Jeff Owen, who has served as DG’s main operating officer since 2019.

Todd Vasos

Todd Vasos

As element of the management transition, Vasos is envisioned to provide in a senior advisory position, commencing when he ways down as CEO and continuing by means of April 1, 2023, at which time Vasos will formally retire. Vasos is envisioned to enter into a two-calendar year consulting agreement adhering to his retirement and will proceed to provide as a member of the company’s board of administrators.

“On behalf of the board of administrators, I want to thank Todd for his a lot of decades of provider to Greenback Standard, his superb management, determination to our values and dedication to the Enterprise, its workforce, buyers, communities and shareholders,” board chairman  Michael Calbert explained. “Todd led Dollar General by means of a time period of considerable transformation, accelerated advancement and innovation. We are a stronger, extra resilient, and extended expression strategically pushed organization than when he took the reins in 2015. DG is a much better organization right now as a result of Todd’s management. The Board is hunting forward to continuing this sturdy trajectory beneath the leadership of Jeff Owen, who is a strategic thinker, powerful collaborator and verified leader recognised for his motivational leadership and deep information of DG.”

Vasos has served as CEO and as a member of the company’s board of administrators due to the fact June 2015. He joined Greenback Normal in 2008 as executive vice president, division president and main merchandising officer and served as main running officer from 2013 until staying named CEO. All through Vasos’s tenure as CEO, the company expanded its shop base by about 7,000 merchants, additional almost 60,000 web new positions, enhanced annual sales profits by far more than 80%, and a lot more than doubled its marketplace capitalization to roughly $58 billion. Vasos was named a Most Admired CEO by Nashville Business enterprise Journal in 2021 and at present serves on the boards of administrators for the Retail Industry Leaders Association (RILA) and KeyCorp.

Underneath Vasos’s management, the Firm designed and sent on crucial strategic initiatives together with self-distribution of frozen and refrigerated items (DG Contemporary), as properly as several non-consumable initiatives, such as its most recent retail notion pOpshelf, and important digital expansions. He also led DG’s endeavours to extend the availability of refreshing create to much more than 2,300 suppliers, launched the DG Personal Fleet driver method, opened 16 supplemental distribution centers, and most not long ago, declared the Company’s planned growth into Mexico.

Jeff Owen

Jeffrey Owen

During Vasos’s tenure as CEO, DG was named to Fortune Magazine’s World’s Most Admired Businesses Listing in 2020 and 2022 Forbes Top 25 Responders to the Covid-19 Pandemic in 2020 Mass Market Retailers Magazine’s Retailer of the Year in 2019 and 2020 and recognized by the Human Rights Marketing campaign Foundation’s Corporate Equality Index for its office inclusion initiatives in 2020, 2021 and 2022.

“Serving my fellow workforce, our buyers and our communities as CEO has been the biggest privilege of my vocation,” Vasos mentioned. “Together, we ushered in an period of unmatched growth while being accurate to our mission of Serving Many others. Now, we are so considerably far more than a dollar retailer, proudly serving millions of People as their community basic retailer. Obtaining worked with Jeff for quite a few a long time, I am self-confident in his management qualities and functionality to guide Dollar Common into our next chapter of expansion and company.”

Owen assumed Dollar General’s chief functioning officer role in August 2019 possessing earlier held the roles of executive vice president, retailer operations from 2015-2019 and senior vice president, store functions from 2011-2014. Prior to August 2011, Owen served DG as a Vice President, Division Manager Retail Division Manager Senior Director, Functions Method Enhancement and Keep Supervisor, amongst other roles. He commenced his work at Dollar Typical in 1992 as a retailer supervisor trainee in a Nashville, Tennessee keep. Owen is expected to be elected to serve as a member of Dollar General’s Board of Administrators on the success of his advertising to CEO. He has also served as a director of Kirkland’s Inc. considering the fact that March 2015.

“I am deeply honored to have the prospect to establish on Todd’s incredible tenure as CEO. I am equally humbled to lead Greenback Typical as we proceed to serve our buyers with worth and comfort, guidance the communities we proudly simply call residence and deliver our employees with career and growth options,” explained Owen. “For the previous 3 many years, I’ve grown and created inside our Enterprise, and I could not be prouder to serve as CEO along with an wonderful staff in our merchants, distribution centers, non-public fleet and Retailer Aid Center.”

In the course of Owen’s virtually 30-calendar year tenure with Greenback Typical, the Corporation has developed from 1,500 outlets in 23 states into the greatest retailer by retail outlet depend in the U.S. with a lot more than 18,000 stores and 28 distribution facilities in 47 states as of April 2022.


Resource website link