TribLIVE

| Business


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

Dollar General CEO to retire next year

Daily 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.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Investors content with pace on stocks even in face of good news
  2. Lenders could move against Anchor Hocking as extension expires
  3. State to seek comments on drilling below Loyalsock State Forest
  4. Consol Energy posts $25 million loss despite gas gains
  5. Hiring in shale industry shifts to engineering, construction workers
  6. U.S. Steel’s 2Q loss beats analysts’ estimates
  7. Tech giants lead rush for profits in foreign countries
  8. Hotels, restaurants lead job additions in Pittsburgh region
  9. EPA hearings to bring coal debate to Pittsburgh streets
  10. Pittsburgh Brewing tries to reconnect with region, return to glory days
  11. Groups stand against ‘sub-minimum’ wage for workers with disabilities
Subscribe today! Click here for our subscription offers.