Family Dollar Names New CEO
As Family Dollar nears its next step as a standalone company, the discount retailer has a new chief executive.
Duncan MacNaughton will serve as the company’s new chairman and CEO, following the close of the previously announced sale of Family Dollar by Dollar Tree. Jason Nordin will continue to serve as president of Family Dollar.
MacNaughton has more than 30 years of experience leading large-scale businesses through growth and transformation. He previously served as president and COO of Family Dollar. Company officials said Nordin will work with MacNaughton to help guide Family Dollar’s long-term strategic direction and operational execution.
“This leadership structure brings together two highly experienced and complementary leaders who share a deep commitment to Family Dollar’s success,” said Mike Creedon, Chief Executive Officer of Dollar Tree, Inc. “Duncan’s leadership experience and passion for value retail, combined with Jason’s strategic and operational expertise, position Family Dollar for a strong future as an independent company.”
In March, Dollar Tree reached an agreement to sell Family Dollar to Brigade Capital Management, LP and Macellum Capital Management, LLC. Family Dollar will remain headquartered in Chesapeake, Va. The purchase price is just north of $1 billion. The transaction is anticipated to close later in the second quarter of 2025, subject to standard closing conditions and regulatory approvals.
