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GOODLETTSVILLE, Tenn. — Rick Dreiling, chairman of Dollar General Corp., is stepping down from the board of directors.
The dollar store chain said Thursday that Dreiling is resigning from the board effective Jan. 29. His resignation from the board coincides with his previously announced retirement as senior adviser.
Plans call for lead director Mike Calbert to become nonexecutive chairman on Jan. 30. He has been lead director since March 2014 and a board director for the past eight years. He also had served as chairman from July 2007 to December 2008.
“On behalf of the board of directors, we thank Rick for his leadership and wish him the best in retirement,” Calbert said in a statement. “Looking ahead, I am excited to continue to work with Dollar General, its chief executive officer, Todd Vasos, and his highly experienced senior leadership team. I believe Dollar General is well positioned for future growth and to capitalize on opportunities to create long-term shareholder value.”
Calbert has nearly 30 years of retail experience. He joined KKR & Co. in 2000 and led the retail industry team within KKR’s private equity platform prior to his retirement in January 2014. Calbert joined Randall’s Food Markets in 1994 and served as its chief financial officer from 1997 until the company was sold in 1999. He formerly served on the board of directors at Academy Ltd., Pets at Home Group PLC, Shoppers Drug Mart Corp., Toys “R” Us Inc. and US Foods Inc.
Overall, Dollar General operates 12,396 stores in 43 states.
