Dollar General’s board of directors has named Todd Vasos, chief operating officer, to the position of chief executive officer and has elected him to the board. Effective June 3, 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.
Vasos joined Dollar General in 2008 as evp/division president and chief merchandising officer. He was promoted to chief operating officer in 2013. Prior to joining Dollar General, Vasos served in executive positions with Longs Drug Stores Corporation for seven years, including evp and chief operating officer and svp and chief merchandising officer, where he was responsible for all pharmacy and front-end marketing, merchandising, procurement, supply chain, advertising, store development, store layout and space allocation, and the operation of three distribution centers.
“The board and I are confident that Todd is the right leader for the future growth of Dollar General. Todd is a highly accomplished retail executive with whom I have had the pleasure of working for nine of the last 12 years, including more than six years at Dollar General. I look forward to supporting him in his new role to ensure a smooth and seamless transition,” said Dreiling.