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.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- PPG’s new CEO to push organic growth with existing clients
- Judge rules against PPG in lawsuit over pollution
- ‘Cadillac tax’ hangs over insurance costs
- Sniffer lets PixController detect methane gas leaks
- Idea Foundry CEO Matesic decides which new companies get help from his Pittsburgh business incubator
- Protecting your identity from hackers
- Pittsburgh unemployment rate steady as job market shrinks
- America picks up China’s slack in auto sales
- Stock market looks calm compared to oil
- Comcast sets digital sights on millenials
- U.S. stocks plunge after bleak Chinese manufacturing report