Dollar Tree CEO Steps Down as Company Struggles

The company’s operating income had declined by almost 30 percent in the second quarter.
Dollar Tree CEO Steps Down as Company Struggles
A Dollar Tree store in a file photo. Paul J. Richards/AFP/Getty Images
Naveen Athrappully
Updated:
0:00

Dollar Tree announced a leadership transition as its chief executive stepped down amid a difficult business environment for the discount store franchise, which has seen hundreds of outlets shutting down nationwide.

“Rick Dreiling has stepped down from his position as chairman and chief executive officer, effective as of Nov. 3, 2024,” a Nov. 4 announcement from the company stated. The COO, Michael C. Creedon Jr., has been appointed as the interim CEO.