Dollar Tree, in partnership with Brigade Capital Management and Macellum Capital Management, announced former Family Dollar COO Duncan MacNaughton will return as chairman and CEO of Family Dollar following Dollar Tree’s divestiture of the business.
Jason Nordin will continue to serve as Family Dollar president, the company noted.
MacNaughton is a past Family Dollar president and COO. Nordin joined Dollar Tree in 2023, acting as the namesake banner’s chief of stores before his appointment as president of Family Dollar in November 2024.
Dollar Tree revealed in March it had entered into an agreement to sell its Family Dollar business to Brigade Capital Management and Macellum Capital Management for $1.01 billion.
“This leadership structure brings together two highly experienced and complementary leaders who share a deep commitment to Family Dollar’s success,” said Mike Creedon, Dollar Tree CEO, in announcing the MacNaughton appointment. “Duncan’s leadership experience and passion for value retail, combined with Jason’s strategic and operational expertise, position Family Dollar for a strong future as an independent company.”
