Mac Naughton is out as Dollar Tree shuffles senior leadership
Dollar Tree Inc. has promoted three C-level executives and the president of its Family Dollar brand is leaving.
These changes, effective immediately, follow the recently completed consolidation of the organization’s two store support centers to the company’s corporate office in Chesapeake, Va., and are intended to improve operational performance at the Dollar Tree and Family Dollar business segments.
Duncan Mac Naughton, president of Family Dollar, is leaving the company for unspecified reasons. He joined Family Dollar as president and COO in January 2017.
“On behalf of our company, I want to thank Duncan for his efforts in leading the Family Dollar team,” said Gary Philbin, CEO of Dollar Tree. “We wish him the best in his future endeavors.”
Michael A. Witynski has been promoted to enterprise president of Dollar Tree Inc. and will lead the merchandising, store operations, and supply chain functions for the Dollar Tree and Family Dollar business segments. His principal focus will be on improving enterprise-wide operational efficiency and reducing distribution costs across both store brands. Witynski, 56, has been president and COO of Dollar Tree Stores since June 2017 and will continue to report to Gary Philbin.
Richard L. McNeely has been promoted to chief merchandising officer of Dollar Tree Inc., and will lead the merchandising, marketing, and global sourcing functions for the Dollar Tree and Family Dollar business segments. His primary focus will be on improving enterprise-wide merchandising margins while improving value for the customer. McNeely, 60, has been chief merchandising officer of Dollar Tree Stores since May 2017 and reports to Witynski.
Thomas R. O’Boyle Jr. has been promoted to COO of Dollar Tree Inc., and will lead the store operations and real estate functions for the Dollar Tree and Family Dollar business segments. Among other things, he will be focused on optimizing real estate, improving customer experience, and addressing recent issues around inventory shrink. O’Boyle, 50, has served as COO of Family Dollar since October 2017 and will report to Witynski.
“These and other actions we are taking are designed to increase enterprise-wide focus and accountability,” said Philbin. “With Mike, Rick and Tom, we will have our senior-most talent working together across the platform with more urgency to move the needle on metrics that will help us deliver greater value for our shareholders and customers.”
Dollar Tree recently missed analyst projections on quarterly net earnings, blaming the impact of tariffs imposed on Chinese imports. Sales beat analyst estimates.
Dollar Tree operated 15,262 stores across 48 states and five Canadian provinces as of Nov. 2, 2019. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada.