Family Dollar has named Duncan MacNaughton as its new Chairman and CEO. MacNaughton will officially take the position following the close of the retailer’s divestiture from parent company Dollar Tree, Inc., which sold Family Dollar in March 2025 for a little over $1 billion to venture capital firms Brigade Capital Management and Macellum Capital Management. The acquisition is expected to be completed during Q2 2025, subject to customary closing conditions.
MacNaughton brings more than 30 years of retail experience, including roles as Chief Merchandising and Marketing Officer at Walmart and a previous stint as President and COO of Family Dollar from 2016 to 2020.
Jason Nordin, who was named President of Family Dollar in November 2024 during the parent company’s review of its options for the disposition of the struggling division, will remain in this role. He will work closely with MacNaughton to guide Family Dollar’s long-term strategic direction and operational execution.
“This leadership structure brings together two highly experienced and complementary leaders who share a deep commitment to Family Dollar’s success,” said Mike Creedon, CEO of Dollar Tree in a statement. “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.”
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