Rick Dreiling to step down from board of directors

GOODLETTSVILLE, Tenn. — Dollar General Corp. announced on Thursday that Rick Dreiling will step down from the board of directors, where he is chairman, effective January 29.

The company named Mike Calbert as nonexecutive chairman, effective January 30. Calbert has been a director for the past eight years, and he served as chairman from July 2007 to December 2008. He has been lead director since March 2014.

Dreiling’s resignation from the board coincides with his previously announced retirement as senior adviser.

Commented Calbert: “On behalf of the board of directors, we thank Rick for his leadership and wish him the best in retirement. Looking ahead, I am excited to continue to work with Dollar General, its chief executive officer, Todd Vasos, and his highly experienced senior leadership team. I believe Dollar General is well positioned for future growth and to capitalize on opportunities to create long-term shareholder value.”

Calbert has nearly 30 years of retail experience. He joined KKR & Co. in 2000 and led the retail industry team within KKR’s private equity platform prior to his retirement in January 2014.

Calbert joined Randall’s Food Markets in 1994 and served as its chief financial officer from 1997 until the company was sold in 1999. Calbert also worked as a certified public accountant and consultant, where his primary focus was the retail and consumer industry.

Calbert formerly served on the board of directors at Academy Ltd., Pets at Home Group PLC, Shoppers Drug Mart Corp., Toys “R” Us Inc. and US Foods Inc.