Dollar General CFO to retire
Dollar General’s finance head is leaving.
The discounter said that John Garratt plans to retire from his position as president and CFO, effective June 2. Taking into account its “robust” succession plans, Dollar General said it will evaluate options for its next CFO and is not currently conducting an external search.
Garratt joined Dollar General in 2014 as senior VP of finance & strategy and was named executive VP and CFO in December 2015. He has served as president and CFO since September 2022.
During Garratt’s tenure as CFO, he oversaw the finance, accounting, investor relations, treasury, and procurement functions, leading a disciplined approach to expense and capital management with a focus on delivering strong and consistent financial performance, according to a Dollar General release. In addition, he partnered in establishing the company’s current strategy function, providing direction to the process that resulted in many of the strategic initiatives that have driven significant growth for the company in recent years.
“John’s retirement comes after an outstanding career as an accomplished and trusted finance executive and most recently as our president and CFO,” said Jeff Owen, who took the reins as Dollar General CEO in November. “His exceptional business and financial acumen coupled with his strategic vision have positioned the company for profitable growth. We appreciate all that John has accomplished on behalf of DG and we wish him the very best in his retirement.”
Dollar General recently celebrated the opening of it 19,000thstore, in Joplin, Mo.
“I am grateful for the opportunity I have had to serve our customers and communities during my time with this great company,” said Garratt. “While I look forward to spending more time with family, this was a difficult personal decision as this is truly a special company. I am excited to watch all that the team accomplishes in the future and believe that Dollar General is well-positioned for continued growth in the years ahead.”