CEO and board member Mike Witynski is exiting Dollar Tree, and chairman Rick Dreiling will expand his role to assume the CEO title effective January 29.
Dreiling and investment firm Mantle Ridge effectively took control of Dollar Tree last year and began replacing executives and board members. In December 2001, Mantle Ridge, which had taken a substantial position in Dollar Tree, declared that it wanted the majority of the company board replaced and Dreiling made executive chairman. Dreiling had been chairman and CEO of Dollar General Corp. and retired from that position after failing to complete a merger with Family Dollar, which combined with Dollar Tree instead.
Witynski is a holdover from the pre-Dreiling regime. He has occupied leadership positions at Dollar Tree since 2010 and served as CEO since 2020.
“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,” Dreiling said in announcing the CEO change. “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.”
