Jeff Owen’s promotion to CEO of Dollar General is effective as of Tuesday.
Owen, who has been with the retailer for nearly 30 years and has served as the company’s chief operating officer since August 2019, also joined the company’s board as part of the transition.
Owen’s promotion and the retirement of Todd Vasos from the chief executive role were initially announced in July.
Vasos is set to serve as a senior adviser until April 1. He will retire after that date, though the company expects him to continue on as a director on its board.
Dollar General’s sales have increased by more than 80% and its stores by 7,000 over Vasos’s tenure as CEO. Vasos, who joined in 2008 as chief merchant and a division president, also oversaw the expansion of its fresh and frozen foods offering, its first international expansion (into Mexico), and the launch of new store formats, including the Popshelf concept, among other initiatives.
The company also announced previously the promotion of Chief Financial Officer John Garratt to company president. (He still holds the CFO title.) As president, Garratt is taking on the oversight of Dollar General’s expansion into Mexico as well as its expanded healthcare offering, DG Wellbeing, which includes additional space and products in the category.
Owen said in August of the initiative that the company’s plan is to “increas[e] access to basic healthcare products and ultimately services over time, particularly in rural America.”