Dollar General names three new VPs, including construction
Three new hires have joined Dollar General’s leadership team, including former Tractor Supply and Ulta Beauty executives.
Tim Jagneaux has joined the discounter as VP of construction, leading Dollar General’s field construction teams responsible for delivering new store openings, relocations and remodels. The retaileris planning to undertake approximately 3,170 U.S. real estate projects in fiscal year 2023 including 1,050 new stores.
Jagneaux has more than 20 years of experience across multiple construction industries, and most recently served as VP, construction and development for Palmetto Capital Group. Prior to that, he spent nearly eight years with Tractor Supply Company, where he served as VP construction and facilities from September 2019 to August 2021.
Before joining Tractor Supply in 2014, Jagneaux spent five years at Dollar General, including serving as senior director of construction.
Ariel dela Cruz has joined Dollar General as divisional VP of store operations. Dela Cruz brings more than 20 years of experience to the company, including continuous improvement and P&L management. He most recently served as VP, Central East, Ulta Beauty. Before joining Ulta in 2015, dela Cruz spent seven years at Family Dollar.
In his new role, he will provide support across Dollar General’s operations network with a focus on employee-centric initiatives.
In addition, Megan Kokoska oined Dollar General as VP of digital engagement. She will work to personalize the digital experience and grow digital engagement with customers.
Kokoska has more than 20 years of digital marketing and communications experience, including leadership of digital customer engagement, digital advertising, ecommerce, content marketing, digital product management, user experience and integrated marketing campaigns.
The new additions follow the appointment of longtime company executive Jeff Owen as CEO, effective Nov. 1.
Dollar General’s net income rose to $526.17 million, or $2.33 a share, in the quarter ended Oct. 28, from $487.03 million, or $2.08 a share, in the year-ago period. Analysts had expected earnings of $2.54 a share.
Revenue rose to 11.1% to $9.46 billion from $8.52 billion, missing estimates of $9.42 billion. Same-store sales increased 6.8%, driven primarily by an increase in average transaction amount, as well as a modest increase in customer traffic.
The company operated 18,818 stores in 47 states as of October 28, 2022.