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.

Daily Photo Galleries

Business Photo Galleries

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. Oil’s rebound pushes up price at gas pumps
  2. Mylan rejects Teva’s $40 billion takeover bid
  3. Experts: If health insurers’ safeguard goes broke, consumers could pay
  4. Kings Family Restaurants sold to California firm
  5. Tech sector drives gains on Wall Street
  6. Rules could kick door open for nuclear power
  7. Visa limits vex businesses
  8. Paper’s prevalence unlikely to diminish
  9. California drought may be felt in Pittsburgh restaurants, groceries
  10. MedExpress bought by United Health Group
  11. Scented society is killing cheap perfume industry