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February 09, 2016 7:37 PM ET

Multiline Retail

Company Overview of Dollar General Corporation

Company Overview

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, frozen meals, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as...

100 Mission Ridge

Goodlettsville, TN 37072

United States

Founded in 1939

105,500 Employees

Phone:

615-855-4000

Key Executives for Dollar General Corporation

Chief Executive Officer and Director
Age: 53
Total Annual Compensation: $765.3K
Compensation as of Fiscal Year 2014.

Dollar General Corporation Key Developments

Dollar General Corporation Announces Management Changes

Dollar General Corporation announced that Rick Dreiling will step down as a member and the chairman of the board of directors effective January 29, 2016 and it has named Michael M. ‘Mike’ Calbert as non-executive chairman effective January 30, 2016. Calbert has been a member of the board of directors of Dollar General for over eight years. He served as chairman of the board of Dollar General from July 2007 to December 2008 and has been lead director since March 2014. Dreiling’s resignation from the board of directors coincides with his previously announced retirement as senior advisor. Calbert has nearly 30 years of retail experience. He joined KKR & Co. L.P. in January 2000 and led the Retail industry team within KKR’s Private Equity platform prior to his retirement in January 2014. Calbert joined Randall's Food Markets beginning in 1994 and served as the Chief Financial Officer from 1997 until it was sold in September 1999.

Dollar General Proposes $92 Million Distribution Center in Saratoga County

Dollar General plans to expand its distribution network in the Northeast as the company prepares to open 900 new stores in 2016. A proposed $92.4 million distribution center in Wilton, New York, would supply merchandise to 1,000 stores throughout the Northeastern United States, said Mark Payne, Dollar General's director of supply chain management. A 93-acre parcel on the east side of the Northway is competing with sites in Connecticut and Massachusetts for what would be Dollar General's 15th U.S. distribution center. The company signed an option to buy the Wilton property for $6.53 million from real estate developer Frank Parillo of Parillo Prime Properties LLC.

Dollar General Corporation Announces Executive Changes

Dollar General Corporation announced the promotion of John W. Garratt to executive vice president and chief financial officer, effective from December 2, 2015. Garratt has served as Dollar General’s interim CFO since June 2015 and previously served as its senior vice president of finance and strategy since joining the Company in October 2014. Additionally, Anita C. Elliott, senior vice president and controller at Dollar General since 2005, has been appointed chief accounting officer. Elliott will report to Garratt in his role as CFO, effective December 2, 2015. Garratt will oversee all aspects of the Company’s financial and information technology operations. Prior to joining Dollar General in 2014, Garratt held various positions of increasing responsibility in the finance organization of Yum! Brands between May 2004 and October 2014, and held leadership positions in corporate strategy and financial planning. Most recently, he was vice president, finance and division controller for KFC. Prior to Yum! Brands, Garratt served as Plant Controller for Alcoa from April 2002 to May 2004.

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