Dollar General CEO to retire next year
Dollar General Corp. Chief Executive Officer Rick Dreiling plans to retire in 2015, according to a statement on Friday.
Dreiling, 60, plans to step down as CEO by May 30 or whenever a successor is hired, according to the statement.
Dollar General is seen as a potential acquirer of rival Family Dollar Stores Inc., which investor Carl Icahn has said should put itself up for sale.
Dreiling's departure throws a wrench into Icahn's proposal, analysts said.
Dollar General fell 7.3 percent to $57.19 at the close in New York, the biggest daily decline since June 2013.
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