Dollar Tree Names New President

Deep discounter Dollar Treeannounced today that its current chief operating officer, Gary Philbin, will now also carry the title of president, a position previously held by company CEO Bob Sasser.

Philbin has worked for the discounter since 2001, when he was appointed senior VP of stores and has 30 years experience in the retail grocery industry. He was promoted to Chief Operating Officer in March 2007.

In a statement, Sasser commented, "I am thrilled to have Gary assume this new role. As Chief Operating Officer, he has demonstrated outstanding leadership and superb business judgment, and he has been a major contributor to our growth and success. Among his many notable achievements are the improvement of Dollar Tree customer satisfaction and shopping experience and the integration of our Canadian stores."

Headquartered in Chesapeake, Va., Dollar Tree operates 4,763 stores in 48 states and five Canadian provinces, with total retail selling square footage of 41.2 million. Shares of the discounter have gained more than 22% so far this year.


The article Dollar Tree Names New President originally appeared on

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.