TribLIVE

| Business

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Dollar General CEO to retire next year

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By Bloomberg News
Saturday, June 28, 2014, 12:01 a.m.
 

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.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. PPG’s new CEO to push organic growth with existing clients
  2. Judge rules against PPG in lawsuit over pollution
  3. ‘Cadillac tax’ hangs over insurance costs
  4. Sniffer lets PixController detect methane gas leaks
  5. Idea Foundry CEO Matesic decides which new companies get help from his Pittsburgh business incubator
  6. Protecting your identity from hackers
  7. Pittsburgh unemployment rate steady as job market shrinks
  8. America picks up China’s slack in auto sales
  9. Stock market looks calm compared to oil
  10. Comcast sets digital sights on millenials
  11. U.S. stocks plunge after bleak Chinese manufacturing report