Family Dollar is shaping its leadership team as it prepares to operate independently, appointing company veterans Duncan MacNaughton and Jason Nordin to lead the transition.
Nordin, who became president of Family Dollar last November after a stint as Dollar Tree’s chief of stores, has been steering the brand’s separation.
MacNaughton, a seasoned retail executive and former COO of Family Dollar, returns to help oversee the shift.
“This leadership structure brings together two highly experienced and complementary leaders,” said Dollar Tree CEO Mike Creedon.
“They’re well-positioned to lead Family Dollar into its next chapter.”
Dollar Tree acquired Family Dollar in 2014 for $8.5 billion, but the chain has long struggled to gain momentum.
Following years of underperformance, Dollar Tree announced in early 2024 it would shutter nearly 1,000 Family Dollar stores and explore strategic alternatives.
A sale or spinoff was officially confirmed by mid-2024.
The new leadership team now faces the challenge of revitalising a brand hit hard by inflation, reduced government support, and years of sluggish growth.
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