Dollar General appoints former CEO Vasos to helm, revises sales outlook
Oct 12 (Reuters) - Discount store retailer Dollar General on Thursday brought back former chief Todd Vasos to replace CEO Jeff Owen less than a year since his appointment, sending the company's shares up 7% in trading after the bell.
Dollar General Chairman Michael Calbert said, "at this time the board has determined that a change in leadership is necessary to restore stability and confidence in the company moving forward."
Vasos was Dollar General's CEO from June 2015 to November 2022.
The retailer also tightened the range of its FY23 net sales growth outlook to 1.5% to 2.5%, from a prior forecast range of 1.3% to 3.3%. (Reporting by Savyata Mishra in Bengaluru; Editing by Maju Samuel and Shinjini Ganguli)
