: Dollar Tree CEO Witynski will step down, to be replaced by executive chairman

Dollar Tree Inc. DLTR Chief Executive Wike Witynski plans to step down from his leadership role and his position on the board of directors, the company announced Tuesday. Witynski served as CEO since 2020 and has been a member of Dollar Tree’s leadership team since 2010. Executive Chairman Rick Drelling will take over as CEO starting Jan. 29. “Rick is energized and excited about the opportunities at Dollar Tree,” Ned Kelly, Dollar Tree’s lead independent director, said in a release. “His decades of retail experience will serve the company well over the years ahead.” Shares of the company were ahead 1.2% in premarket trading Tuesday.

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