Discount retailer Dollar General takes steps to find possible CEO successor - so

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Discount retailer Dollar General takes steps to find
possible CEO successor - sources



Discount chain Dollar General Corp, one of the few U.S. retailers thriving during
the COVID-19 pandemic, is taking steps to find a potential successor to Chief
Executive Todd Vasos, people familiar with the matter said on Monday.

While no decision has been made about Vasos stepping down, Dollar General has
started conversations with headhunting firms and is considering candidates,
the sources said.

Dollar General has been looking within its ranks and will assess the performance
of its top executives against those at rival companies, the sources said.
Dollar General Chief Operating Officer Jeff Owen is under consideration, one of
the sources added.

The sources requested anonymity because the matter is confidential.

A Dollar General spokesman said Vasos had not communicated any plans to
the company regarding a potential departure after his contract ends in June,
noting it was "merely good governance" to plan for a transition. Vasos' contract
renews automatically on an annual basis in June unless terminated or
renegotiated.

"We have been speaking with management consulting firms related to executive
development programs and as part of our succession planning process. We have
not entered into a contract with any such firm to date," the spokesman said.

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