Dollar General names interim CFO
GOODLETTSVILLE, Tenn. — Dollar General has appointed John Garratt as interim CFO, effective July 1.
He succeeds David Tehle, who announced his retirement in March.
The company has hired an executive search firm to assist with the search for a permanent CFO and stated that it will consider both internal and external candidates for the job.
“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,” stated Todd Vasos, Dollar General’s CEO.
Garratt, who is currently the SVP 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 VP, 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.
Report: Golub’s Market 32 banner stores won’t sell tobacco products
SCHENECTADY, N.Y. — In line with its increased focus on health and nutrition, Golub will not be selling tobacco products in its new Market 32 banner stores, according to a local news report.
According a timesunion.com report, company spokeperson Mona Golub was quoted as saying, “Given the increased emphasis we've placed on health and wellness, this is the right time for us to discontinue tobacco," she said.
As previously reported by Drug Store News, more than half of the 135-store chain will be converted within five years. In total, the investment in this phase of the evolution will be more than $300 million.
In a statement issued in November, Neil Golub, Price Chopper’s executive chairman, stated, “Market 32 represents the next leap forward for our company. We have evolved from the Public Service Market to Central Market to Price Chopper by responding to customers’ changing needs over time, and Market 32 is the next natural progression for us.”