Dollar Tree said that long-time director Conrad Hall intends to retire at the 2020 annual meeting of shareholders. Serving as an independent director since 2010, Hall’s experience as a former CEO and his demonstrated success in new business development have been integral to Dollar Tree’s board, the company said.
“Conrad Hall’s contributions have been instrumental to Dollar Tree’s success over the past decade. On behalf of the entire board, I want to thank Conrad for his valued service and tireless efforts to best serve the interests of all Dollar Tree shareholders. We wish Conrad all of the best in his retirement,” said Bob Sasser, Dollar Tree’s executive chairman. “As we move forward, we will continue to identify director candidates who can add fresh, diverse perspectives and bring relevant experience and skillsets that will increase our effectiveness and enhance alignment with our shareholders and other stakeholders.”
Noting that Dollar Tree has added five new independent directors to its 13-member board since 2016, Sasser added, “Regular refreshment of our board, strengthened diversity and adherence to best governance practices continue to be priorities for us.”
Hall’s planned retirement from the board and anticipated addition of a new director further demonstrates the company’s governance strategies, noted Dollar Tree.