UPDATE 1-Dollar Tree names Michael Creedon as permanent CEO

Reuters2024-12-19

(Adds background in paragraph 2, 3)

Dec 19 (Reuters) - Dollar Tree said on Thursday interim CEO Michael Creedon would take on the role permanently, tasking an insider to lead a turnaround of the dollar-store chain facing weak demand and intense competition.

Creedon, who worked at auto parts retailer Advance Auto Parts for nearly a decade before joining Dollar Tree in 2022, was named interim CEO last month.

His appointment came after Rick Dreiling decided to step down after a two-year stint due to health challenges.

Dollar Tree's shares were up 1% in premarket trading on Thursday. They have fallen 51% so far this year, as of last close.

Earlier this month, Dollar Tree beat third-quarter results, and said its chief financial officer Jeff Davis will step down after roughly two years on the job.

(Reporting by Juveria Tabassum in Bengaluru; Editing by Shilpi Majumdar and Sriraj Kalluvila)

((Juveria.Tabassum@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492122061?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-19 20:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492122061","market":"us","top_or_hot":-1,"title":"UPDATE 1-Dollar Tree names Michael Creedon as permanent CEO","media":"Reuters","content":"<html><body><p>(Adds background in paragraph 2, 3)</p><p>      Dec 19 (Reuters) - Dollar Tree    said on Thursday interim CEO Michael Creedon would take on the role permanently, tasking an insider to lead a turnaround of the dollar-store chain facing weak demand and intense competition.</p><p>   Creedon, who worked at auto parts retailer Advance Auto Parts   for nearly a decade before joining Dollar Tree in 2022, was named interim CEO last month. </p><p>   His appointment came after Rick Dreiling decided to step down after a two-year stint due to health challenges.</p><p>   Dollar Tree's shares were up 1% in premarket trading on Thursday. They have fallen 51% so far this year, as of last close.</p><p>   Earlier this month, Dollar Tree beat third-quarter results, and said its chief financial officer Jeff Davis will step down after roughly two years on the job.</p><p> (Reporting by Juveria Tabassum in Bengaluru; Editing by Shilpi Majumdar and Sriraj Kalluvila)</p><p>((Juveria.Tabassum@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UPDATE 1-Dollar Tree names Michael Creedon as permanent CEO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUPDATE 1-Dollar Tree names Michael Creedon as permanent CEO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 20:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Adds background in paragraph 2, 3)      Dec 19 (Reuters) - Dollar Tree    said on Thursday interim CEO Michael Creedon would take on the role permanently, tasking an insider to lead a turnaround of ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4214","symbol_name":"汽车零售","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2492122061","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492122061","pubTimestamp":1734612916,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"(Adds background in paragraph 2, 3)      Dec 19 (Reuters) - Dollar Tree    said on Thursday interim CEO Michael Creedon would take on the role permanently, tasking an insider to lead a turnaround of t","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4214":"汽车零售","BK4585":"ETF&股票定投概念","BK4588":"碎股","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","BK4504":"桥水持仓","BK4114":"综合货品商店","DLTR":"美元树公司","BK4155":"大卖场与超市","AAP":"Advance Auto Parts Inc"},"translate_title":"更新1美元树任命迈克尔·克里登为永久首席执行官","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DLTR":1,"AAP":0.9},"content_text":"(Adds background in paragraph 2, 3)      Dec 19 (Reuters) - Dollar Tree    said on Thursday interim CEO Michael Creedon would take on the role permanently, tasking an insider to lead a turnaround of the dollar-store chain facing weak demand and intense competition.   Creedon, who worked at auto parts retailer Advance Auto Parts   for nearly a decade before joining Dollar Tree in 2022, was named interim CEO last month.    His appointment came after Rick Dreiling decided to step down after a two-year stint due to health challenges.   Dollar Tree's shares were up 1% in premarket trading on Thursday. They have fallen 51% so far this year, as of last close.   Earlier this month, Dollar Tree beat third-quarter results, and said its chief financial officer Jeff Davis will step down after roughly two years on the job. (Reporting by Juveria Tabassum in Bengaluru; Editing by Shilpi Majumdar and Sriraj Kalluvila)((Juveria.Tabassum@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492122061"}