Dollar General Names New CFO

Dollar General has named Donny Lau as the company’s new executive vice president and chief financial officer. He takes his new position on Oct. 20, following the departure of current CFO Kelly Dilts, who is leaving the retailer on Aug. 28.

In the interim, Dollar General’s chief executive officer, Todd Vasos, will serve as the principal financial officer. Lau previously held roles of increasing responsibility at Dollar General from 2017 through 2023.

“I am excited to welcome Donny back to Dollar General as our next CFO,” said Vasos. “Donny’s deep understanding of our business, culture, and values, and his impressive financial leadership and experience uniquely position him to drive excellence and create long-term shareholder value.”

Lau will return to Dollar General with more than six years of previous employment experience with the company. He recently served as chief financial officer of Zaxby’s Franchising LLC since July 2023. Before he departed from Dollar General in July 2023, Lau served in roles of increasing responsibility within Dollar General’s Finance department, including senior vice president, Finance and chief strategy officer (April 2023 to July 2023); senior vice president, chief strategy officer (September 2022 to April 2023); vice president, Investor Relations and Corporate Strategy (October 2019 to September 2022); and vice president, Strategy and Corporate Development (March 2017 to October 2019).

Before joining Dollar General, Lau served in various financial planning, investor relations, and corporate strategy roles of increasing responsibility with Yum! Brands, Inc. from 2011-2017. Prior to Yum!, Lau also served as vice president, Investment Banking, with Morgan Keegan & Company and as vice president, Investment Banking, at Morgan Joseph.