Family Dollar President Mac Naughton is departing

CHESAPEAKE, Va. — Dollar Tree Inc. is promoting three executives as part of a reorganization of its leadership structure, the company said on Wednesday.

Michael Witynski has been promoted to enterprise president of the corporation and will lead the merchandising, store operations, and supply chain functions for the Dollar Tree and Family Dollar business segments. Witynski, 56, has been serving as president and chief operating officer of Dollar Tree Stores since June 2017.

In his new role, Witynski will focus on improving enterprise-wide operational efficiency and reducing distribution costs across both store brands, according to the company. Witynski will continue to report to Dollar Tree chief executive officer Gary Philbin.

Richard McNeely has been promoted to chief merchandising officer, and will lead the merchandising, marketing, and global sourcing functions for the Dollar Tree and Family Dollar business segments. His main focus will be on improving enterprise-wide merchandising margins while improving value for the customer, the company said.

Thomas O’Boyle has been promoted to chief operating officer. He will be responsible for the store operations and real estate functions for the Dollar Tree and Family Dollar chains. The company said he he will be focused on optimizing real estate, improving customer experience, and addressing recent issues around inventory shrink.

McNeely and O’Boyle will both report to Witynski.

“These and other actions we are taking are designed to increase enterprise-wide focus and accountability,” Philbin said in a statement. “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.”

Philbin credits Witynski with driving performance across the organization.

“In particular, Mike has led the Store Excellence operational initiatives and merchandising programs to drive sales and margin, and has been hands-on in managing our tariff mitigation efforts the past eighteen months,” Philbin said. “His promotion to enterprise president will continue our progression of elevating our customer-facing efforts in merchandising and operations.”

Dollar Tree also announced that Duncan Mac Naughton, who has been serving as president of Family Dollar, is leaving the company.