Dollar Tree Names Michael C. Creedon, Jr. as Chief Executive Officer
Dollar Tree (NASDAQ: DLTR) has appointed Michael C. Creedon, Jr. as permanent Chief Executive Officer, following his interim role since November 2024. Creedon, who joined the company in 2022 as Chief Operating Officer, now leads more than 200,000 associates and 16,000 stores across the Dollar Tree and Family Dollar banners.
Prior to Dollar Tree, Creedon held leadership positions at Advance Auto Parts, including Executive Vice President and President of U.S. stores, and executive positions at Tyco International and ADT Security. The Board of Directors expressed unanimous confidence in Creedon's leadership, citing his deep business understanding and strategic vision.
Dollar Tree (NASDAQ: DLTR) ha nominato Michael C. Creedon, Jr. come Amministratore Delegato permanente, dopo il suo ruolo ad interim da novembre 2024. Creedon, che è entrato a far parte dell'azienda nel 2022 come Direttore Operativo, ora guida oltre 200.000 associati e 16.000 negozi tra i marchi Dollar Tree e Family Dollar.
Prima di Dollar Tree, Creedon ha ricoperto ruoli di leadership presso Advance Auto Parts, tra cui Vicepresidente Esecutivo e Presidente dei negozi negli Stati Uniti, oltre a posizioni dirigenziali presso Tyco International e ADT Security. Il Consiglio di Amministrazione ha espresso unanime fiducia nella leadership di Creedon, citando la sua profonda comprensione del business e la visione strategica.
Dollar Tree (NASDAQ: DLTR) ha nombrado a Michael C. Creedon, Jr. como Director Ejecutivo permanente, después de su papel interino desde noviembre de 2024. Creedon, que se unió a la empresa en 2022 como Director de Operaciones, ahora lidera a más de 200,000 asociados y 16,000 tiendas bajo las marcas Dollar Tree y Family Dollar.
Antes de Dollar Tree, Creedon ocupó cargos de liderazgo en Advance Auto Parts, incluyendo Vicepresidente Ejecutivo y Presidente de las tiendas en EE. UU., además de posiciones ejecutivas en Tyco International y ADT Security. La Junta Directiva expresó su confianza unánime en el liderazgo de Creedon, citando su profunda comprensión del negocio y su visión estratégica.
Dollar Tree (NASDAQ: DLTR)는 2024년 11월부터 임시 CEO로 재직 중이던 Michael C. Creedon, Jr.를 정식 최고 경영자로 임명했습니다. 2022년 COO로 입사한 Creedon은 이제 Dollar Tree와 Family Dollar 브랜드를 통해 200,000명 이상의 직원과 16,000개의 매장을 이끌고 있습니다.
Dollar Tree 이전에는 Creedon이 Advance Auto Parts에서 미국 매장의 사장 및 Executive Vice President 등 리더십 직책을 역임했으며 Tyco International 및 ADT Security에서도 임원 포지션을 맡았습니다. 이사회는 Creedon의 리더십에 대한 전폭적인 신뢰를 표명하며 그의 깊은 비즈니스 이해와 전략적 비전을 강조했습니다.
Dollar Tree (NASDAQ: DLTR) a nommé Michael C. Creedon, Jr. comme Directeur Exécutif permanent, après son rôle intérimaire depuis novembre 2024. Creedon, qui a rejoint l'entreprise en 2022 comme Directeur des Opérations, dirige maintenant plus de 200 000 employés et 16 000 magasins sous les bannières Dollar Tree et Family Dollar.
Avant Dollar Tree, Creedon a occupé des postes de direction chez Advance Auto Parts, y compris Vice-président Exécutif et Président des magasins aux États-Unis, ainsi que des postes exécutifs chez Tyco International et ADT Security. Le Conseil d'Administration a exprimé une confiance unanime dans le leadership de Creedon, citant sa profonde compréhension du secteur et sa vision stratégique.
Dollar Tree (NASDAQ: DLTR) hat Michael C. Creedon, Jr. zum ständigen Chief Executive Officer ernannt, nachdem er seit November 2024 in dieser Funktion interimistisch tätig war. Creedon, der 2022 als Chief Operating Officer zum Unternehmen kam, leitet nun mehr als 200.000 Mitarbeiter und 16.000 Geschäfte unter den Marken Dollar Tree und Family Dollar.
Vor seiner Zeit bei Dollar Tree hatte Creedon Führungspositionen bei Advance Auto Parts inne, darunter Executive Vice President und Präsident der US-Geschäfte, sowie in leitenden Positionen bei Tyco International und ADT Security. Der Vorstand drückte sein einstimmiges Vertrauen in die Führung von Creedon aus und verwies auf sein tiefes Geschäftswissen und seine strategische Vision.
- Internal promotion demonstrates succession planning and business continuity
- Leader has significant retail experience from Advance Auto Parts and other major companies
- Candidate already familiar with company operations as former COO since 2022
- None.
Insights
The appointment of Michael Creedon as permanent CEO represents a strategic continuity move for Dollar Tree. His progression from COO to interim CEO and now permanent CEO, suggests a deliberate succession strategy. With over 16,000 stores and 200,000 associates under management, Creedon's extensive retail operations experience from Advance Auto Parts provides valuable multi-unit management expertise essential for Dollar Tree's scale.
The unanimous board approval indicates strong internal alignment on leadership direction, reducing governance risk. Creedon's deep operational knowledge of Dollar Tree's business model, gained since joining in 2022, minimizes transition disruption compared to an external hire. His local community involvement through board positions at the Chrysler Museum and Norfolk Academy demonstrates stakeholder engagement capabilities important for retail leadership.
This leadership transition comes at a critical juncture for Dollar Tree amid significant retail industry challenges. The discount retail sector faces intense competition, inflationary pressures and evolving consumer behaviors. Creedon's background in both retail operations and security systems (from ADT) is particularly relevant as Dollar Tree navigates loss prevention challenges common in discount retail.
His experience at Advance Auto Parts, another multi-brand retailer with complex supply chain requirements, aligns well with Dollar Tree's operational needs. The focus on "unlocking the enterprise's full potential" suggests potential strategic initiatives to optimize the dual-banner strategy between Dollar Tree and Family Dollar stores, which has historically faced integration challenges.
Michael C. Creedon, Jr., Chief Executive Officer, Dollar Tree, Inc. (Photo: Business Wire)
Creedon joined Dollar Tree in 2022 as Chief Operating Officer and over the past two years has taken on increasing levels of responsibility. In November 2024, Creedon was appointed Interim Chief Executive Officer, succeeding Rick Dreiling. Creedon has responsibility for leading more than 200,000 associates and more than 16,000 stores across the Dollar Tree and Family Dollar banners.
“Following a search, we are unanimous as a Board in our belief that Mike is the right leader for Dollar Tree,” said Edward (Ned) J. Kelly, III, Chairman of the Board. “His deep understanding of the business, coupled with his strategic vision and collaborative leadership, has earned the trust and respect of the entire organization. We have full confidence in Mike’s ability to guide the enterprise to growth and success.”
“It’s a privilege to lead Dollar Tree at such a pivotal time,” said Creedon. “My focus will continue to be on delivering long-term value to our associates, customers, and shareholders as a company that is rooted in strong values and operational excellence. I am thrilled and humbled to step into this leadership role as we remain focused on unlocking the enterprise’s full potential."
Prior to Dollar Tree, Creedon spent nearly a decade at Advance Auto Parts where he held several leadership positions, most recently as Executive Vice President and President of its
About Dollar Tree, Inc.
Dollar Tree, a Fortune 200 Company, operated 16,590 stores across 48 states and five Canadian provinces as of November 2, 2024. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. To learn more about the Company, visit www.DollarTree.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 relating to our plans and expectations regarding our leadership team and our business, including the Company’s performance and prospects for long-term growth; and our other plans, objectives, expectations (financial and otherwise) and intentions. All such 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 20, 2024, 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.
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Investors:
Robert A. LaFleur
SVP, Investor Relations
investorinfo@dollartree.com
Media:
Kate Kirkpatrick
VP, Communications
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Source: Dollar Tree, Inc.
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