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Family Dollar CEO Howard Levine to step down
12
Jan '16
Howard Levine, CEO of Family Dollar, which was acquired by Dollar Tree last year, is stepping down effective January 15, having completed his role in the integration of Family Dollar and Dollar Tree.

“On July 6, 2015, Dollar Tree completed its acquisition of more than 8,200 Family Dollar stores across 46 states,” a Dollar Tree press release stated.

“Dollar Tree had previously announced that Levine would remain with the company for a period of time to assist with the integration and supporting Dollar Tree's CEO Bob Sasser,” the retailer added.

Gary Philbin, who was named Family Dollar's president and chief operating officer in July 2015, will continue leading Family Dollar and will continue reporting to Bob Sasser.

“Howard has been an integral leader at Family Dollar for more than two decades, and has accumulated a tremendous amount of knowledge and experience,” Sasser said.

“I would like to commend Howard for his many years of service and leadership at Family Dollar, and to thank him for his partnership during our integration,” Sasser added.

“Howard has completed everything I have asked of him during this process, and has proven to be a valuable resource to both Gary Philbin and me,” he noted.

Howard Levine too said, “I am appreciative for the opportunity to assist Bob and Gary through the integration of our companies.”

“I have been impressed by Dollar Tree's commitment to discipline and execution in running a value retail business and am confident that both the companies are well-positioned for many years of growth,” Levine informed.

Dollar Tree, a Fortune 500 Company, operates more than 14,038 stores across 48 states and five Canadian provinces and operates under the brands of Dollar Tree, Family Dollar, Dollar Tree Canada, and Deals. (AR)

Fibre2Fashion News Desk – India

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