Howard Levine, to step down as CEO of Family Dollar

Chesapeake, Va.-based Dollar Tree Inc. announced that Howard Levine completed his role in the integration of Family Dollar and Dollar Tree and is stepping down as an officer of the company effective Jan. 15.

"It has been an honor to serve Family Dollar over the past 25 years," Levine said. "I would like to share my gratitude to many thousands of current and former Family Dollar team members that have helped build Family Dollar into the business it is today, delivering terrific values to millions of customers on a daily basis."

On July 6, 2015, Dollar Tree completed its acquisition of more than 8,200 Family Dollar stores across 46 states. The company previously announced that Levine would remain with the company for a period of time to assist with the integration, reporting to and supporting Bob Sasser, Dollar Tree's CEO. Gary Philbin, who was named Family Dollar's president and COO in July 2015, will continue to lead Family Dollar and will continue to report to Sasser.

"It was very important to me for Howard to remain with our company and to contribute to the combination of our two large organizations," Sasser said. "He has been an integral leader at Family Dollar for more than two decades and has accumulated a tremendous amount of knowledge and experience.

"I would like to commend Howard for his many years of service and leadership at Family Dollar, and to thank him for his partnership during our integration," he added. "Howard has completed everything I have asked of him during this process and has proven to be a valuable resource to both Gary Philbin and me."