Advertisement

Dollar General CEO to Retire, COO Named as Successor

Dollar General CEO to Retire, COO Named as Successor
Jeffery Owen Photo courtesy of Dollar General

Amid a year of expansion, Dollar General’s CEO Todd Vasos has decided to retire from the role he has held since June 2015, effective Nov. 1, 2022. Current COO Jeffery Owen, a 30-year Dollar General veteran, has been named as Vasos’ successor.

Vasos joined Dollar General in 2008 as the company’s EVP, Division President and CMO. In 2013, prior to his appointment as CEO, Vasos served as COO. Following his retirement, Vasos will stay on as a senior advisor until April 1, 2023 to aid with the transition. He will also serve as a consultant to the company under a two-year agreement and continue to serve as a board member.

Incoming CEO Owen’s promotion to the top role aligns with Dollar General’s reputation for promoting within. He began his career with the company as a store manager trainee in Nashville, Tenn. and worked his way through the ranks, eventually serving in roles such as Senior Director of Operations and Process Improvement, Retail Division Manager and EVP of Store Operations. He is expected to be elected as a member of Dollar General’s Board upon the start of his tenure as CEO.

“I am deeply honored to have the opportunity to build on Todd’s incredible tenure as CEO,” said Owen in a statement. “For the past three decades I’ve grown and developed within our company, and I couldn’t be prouder to serve as CEO alongside an amazing team in our stores, distribution centers, private fleet and Store Support Center.”

Advertisement

Under Vasos’ leadership, Dollar General experienced extraordinary growth with the company’s annual sales revenue increasing by more than 80% while its market capitalization doubled to approximately $58 billion. In that time, Dollar General also expanded its footprint by approximately 7,000 stores and added nearly 60,000 net-new jobs. In March 2022, the company shared that during FY 2022 — which ends Feb. 3, 2023 — it plans to increase its total workforce by 6% adding approximately 10,000 more new jobs to support its continued expansion, outlined late last year. Those plans include:

  • Expansion into Mexico during FY 2022;
  • More than 1,000 new store openings in the U.S.;
  • 1,750 store remodels; and
  • 100 store relocations.

Other major strategic developments during Vasos’ tenure included a launch into the self-distribution of frozen and refrigerated goods with DG Fresh and the of the pOpshelf retail concept targeted to a more upscale consumer.

Featured Event

Join the Retail Trendcaster Webinar Series to uncover key 2025 retail trends, from AI and personalization to social commerce. Gain expert insights, data-driven predictions, and actionable takeaways to stay ahead in a rapidly evolving market.

Advertisement

Advertisement

Retail Trendcaster Webinar Series
Days
Hours
Minutes
Seconds

Uncovering What’s Next in Retail

March 17-19, 2025  |  Free On-Demand Digital Event

Q1 is a pivotal time for retail, with experts analyzing holiday sales and forecasting trends. Join Retail TouchPoints’ Retail Trendcaster webinar series for insights on consumer spending, AI, personalization, social commerce, and more—helping you focus on what truly matters in 2025.

Brought to you by
Retail TouchPoints
Register Now
Retail TouchPoints is a brand of Emerald X LLC. By clicking the button and submitting information, you acknowledge and agree that your information may be shared with corporate affiliates of Emerald X LLC, and other organizations such as event hosts, speakers, sponsors, and partners. Please read our Privacy Policy and our Terms Of Use for more information on our policies.

Access The Media Kit

Interests:

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below: