Dollar General has a new finance chief

Dollar General Corp. has promoted one of its finance executives to serve as interim chief financial officer.

The company says John W. Garratt will serve as interim chief financial officer effective July 1.He follows David Tehle, who had previously announced his retirement in March.

“We are fortunate to have John serve as our interim CFO. I look forward to continuing to work with him as we execute our new store growth,” said Todd J. Vasos, Dollar General’s chief executive officer.

Garratt, who is currently the senior vice president of finance and strategy, will now oversee all aspects of the Company’s financial, accounting and information technology operations until a new CFO is in place.

Prior to joining Dollar General in 2014, Garratt held various positions of increasing responsibility in the finance organization of Yum! Brands between May 2004 and October 2014, and held leadership positions in corporate strategy and financial planning. Most recently, he was vice president, finance and division controller for KFC.

Prior to Yum! Brands, Garratt served as Plant Controller for Alcoa from April 2002 to May 2004. He also spent three years with General Electric in various financial management roles with increasing responsibility. He started his career at Alcoa where he worked for approximately nine years from May 1990 to March 1999.

Garratt holds a bachelor’s degree in finance from Indiana University and an MBA in finance and strategy from Carnegie Mellon University.

The company has engaged a leading executive search firm to assist with the search for a permanent CFO and will consider both internal and external candidates for the job.

Dollar General has more than 12,000 stores in 43 states.