Dive Brief:
- As its current CFO prepares to retire, Dollar Tree has named Stewart Glendinning as its next chief financial officer, according to a Wednesday announcement.
- Glendinning has been with Dollar Tree since January in a senior role focused on transformation initiatives, including a review of strategic alternatives for the Family Dollar business, according to a filing with the Securities and Exchange Commission.
- Before coming to Dollar Tree, Glendinning was most recently the CEO of Express Inc. He previously served in leadership roles, including as CFO, at Tyson Foods.
Dive Insight:
Dollar Tree has been weighing its options with Family Dollar. Last summer the company said it was considering selling or spinning off the banner.
The company a year ago announced plans to close nearly 1,000 Family Dollar locations.
“Stewart is a proven leader with a strong track record of driving financial excellence. In his short time with us, he’s contributed significantly to the review of strategic alternatives for our Family Dollar business, where we continue to make good progress,” CEO Mike Creedon said in a statement. “I look forward to working closely with Stewart as we seek to accelerate growth at Dollar Tree in 2025.”
Current CFO Jeff Davis announced in December that he would retire from the company and projected he would leave the company in March. The company then initiated an external search for his replacement. Davis will stay with the company for a short period of time to ensure a streamlined transition.
About two weeks after Davis announced his retirement, Dollar Tree named Michael Creedon, its former COO, as its permanent CEO, replacing the company’s previous chief executive who resigned for health reasons.
