Dollar Tree Inc said on Tuesday Executive Chairman Richard Dreiling will replace Chief Executive Officer Mike Witynski, nearly a year after agreeing to revamp its board in a settlement with activist investor Mantle Ridge.
Telsey Advisory Group analyst Joseph Feldman said investors would like to see Dreiling have a more “day-to-day hands on role at Dollar Tree” in hopes of improving the performance of the business, given his history of success at Dollar General.
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