Dollar Tree announced today that Mike Witynski, who worked with Dollar Tree since 2010 and served as CEO since 2020, is stepping down from the board and leaving the company; executive chairman Rick Dreiling will expand his role to assume the CEO position, effective January 29.
“The opportunity to work with the talented and dedicated team at Dollar Tree has been the most rewarding of my career,” said Witynski, in a statement. “During this especially dynamic period, we made the historic and consequential move to ‘break the dollar,’ and also rose to the historic opportunity to retool the Company’s leadership ranks to face the challenges ahead with fresh eyes.”
Dreiling has a demonstrated track record of driving shareholder value with more than 50 years of retail experience, including expanding the footprint and offerings of several respected retailers and leading the successful transformation of multiple retailers.
“We greatly appreciate Mike’s contribution over his career with Dollar Tree, which included the acquisition and integration of Family Dollar, navigating COVID, and contributing to the company’s current transformation strategy,” said Dreiling in a statement. “Dollar Tree will continue to thrive, grow and win in the marketplace in this next chapter, and I’m thrilled for the opportunity to work with the extraordinary Dollar Tree team to advance our focus on delighting customers, associates, and other key stakeholders.”
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