Bobby Aflatooni Joins Dollar Tree, Inc. as Chief Information Officer

Rhea-AI Summary

Dollar Tree, Inc. (NASDAQ: DLTR) has announced the appointment of Bobby Aflatooni as Chief Information Officer. With extensive experience from The Howard Hughes Corporation and a history in IT roles at major retailers, Aflatooni aims to enhance systems infrastructure to support company growth. President and CEO Mike Witynski indicated that upcoming tech investments are vital for simplifying operations and improving the shopper experience. Additionally, the company has rescheduled its Investor Day from October 2022 to spring 2023.

Positive

• Appointment of Bobby Aflatooni as CIO will strengthen technology leadership.
• Aflatooni's experience in leading IT transformations is expected to boost operational efficiency.

Negative

• Investor Day rescheduling may indicate delays in communication of strategic plans.

CHESAPEAKE, Va.--(BUSINESS WIRE)-- Dollar Tree, Inc. (NASDAQ: DLTR) today announced a key executive leadership addition, as Bobby Aflatooni has joined the organization as Chief Information Officer.

“I am pleased to announce that Bobby Aflatooni has joined Dollar Tree as our new CIO. Bobby is a proven leader with a strong track-record of delivering results and leading multiple system transformations,” stated Mike Witynski, President and Chief Executive Officer. “The technology investments we will make over the next several years will be critical to our success as we enable our people, simplify work streams and accelerate our growth.”

Mr. Aflatooni most recently served as Executive Vice President, Chief Information Officer for The Howard Hughes Corporation, responsible for leading all information technology strategies and operations across the company’s portfolio. Prior to joining HHC in August 2018, Mr. Aflatooni held leadership positions at another large value retailer, as Vice President of IT Operations, Architecture, Merchandising from March 2011 until April 2018, and as Senior Director IT Infrastructure and Architecture from January 2009 to March 2011. His professional career includes development and oversight of IT priorities for Yum! Brands, CapitalOne Auto Finance, LayerOne, Silverleaf Resorts and CapitalOne Services. Mr. Aflatooni also served in the United States Marine Corps.

Mr. Aflatooni stated, “I am thrilled to be joining the Dollar Tree organization. Our team will be driven to focus on systems infrastructure enhancements to support the Company’s growth by providing better support to store associates, merchandising and marketing teams, and our supply chain to deliver improved shopper experience. Having worked with, and supported, a number of leaders at Dollar Tree in previous roles will enable us to hit the ground running.”

“This is the first of a number of executive additions related to our recently announced leadership changes, as we scale our leadership team to accelerate the growth and transformation of our company,” added Witynski.

The Company is rescheduling its previously announced Investor Day from October 2022 until spring 2023.

About Dollar Tree, Inc.
Dollar Tree, a Fortune 200 Company, operated 16,162 stores across 48 states and five Canadian provinces as of April 30, 2022. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. To learn more about the Company, visit www.DollarTree.com or www.FamilyDollar.com.

A WARNING ABOUT FORWARD-LOOKING STATEMENTS: Our press release contains "forward-looking statements" as that term is used in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they address future events, developments or results and do not relate strictly to historical facts. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements include, without limitation, statements preceded by, followed by or including words such as: “believe”, “anticipate”, “expect”, “intend”, “plan”, “view”, “target” or “estimate”, “may”, “will”, “should”, “predict”, “possible”, “potential”, “continue”, “strategy”, and similar expressions. For example, our forward-looking statements include statements regarding our planned technology investments over the next several years; our plans and expectations regarding systems infrastructure enhancements to support the Company’s growth; and our other plans, objectives, expectations (financial and otherwise) and intentions. These statements are subject to risks and uncertainties. For a discussion of the risks, uncertainties and assumptions that could affect our future events, developments or results, you should carefully review the "Risk Factors," "Business" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections in our Annual Report on Form 10-K filed March 15, 2022, our Form 10-Q for the most recently ended fiscal quarter and other filings we make from time to time with the Securities and Exchange Commission. We are not obligated to release publicly any revisions to any forward-looking statements contained in this press release to reflect events or circumstances occurring after the date of this report and you should not expect us to do so.

DLTR - G

View source version on businesswire.com: https://www.businesswire.com/news/home/20220720005933/en/

Dollar Tree, Inc.

Randy Guiler, 757-321-5284

Vice President, Investor Relations

www.DollarTree.com

Source: Dollar Tree, Inc.

FAQ

Who is the new Chief Information Officer at Dollar Tree?

Bobby Aflatooni has been appointed as the new Chief Information Officer at Dollar Tree.

What are Bobby Aflatooni's qualifications for the CIO position at DLTR?

Bobby Aflatooni has extensive IT leadership experience, including previous roles at The Howard Hughes Corporation and other major retailers.

When is Dollar Tree's rescheduled Investor Day?

Dollar Tree's Investor Day has been rescheduled from October 2022 to spring 2023.

What technology investments is Dollar Tree planning?

Dollar Tree plans significant technology investments aimed at enhancing systems infrastructure to support growth.