Dollar Tree’s executive leadership team will have several new faces in the weeks ahead following the departure of several key members including its chief financial officer and chief operating officer.
Kevin Wampler will transition out of his role as chief financial officer upon the appointment of a successor. He will remain with the company as an advisor until April 2023 to ensure a smooth transition, the company said.
Additionally, Chief Legal Officer and Corporate Secretary William Old, Chief Operating Officer Thomas O’Boyle, Chief Strategy Officer David Jacobs and Chief Information Officer Andy Paisley are no longer with Dollar Tree. Searches for successors are underway, and the company said it is in advanced discussions with several candidates for certain positions.
Reasons for the departure of each were not given.
“As we look to the future, I believe these changes within our leadership team will bring new perspectives and experiences that will help accelerate our continued growth and deliver even greater value for our shareholders, customers, employees and suppliers,” said Mike Witynski, president and CEO.
Rick Dreiling, Dollar Tree’s executive chairman, said, “Our board is fully aligned with Mike that now is the right time to bring in new leadership to ensure the company remains on a strong trajectory.”