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Dollar Tree sees exit of Levine

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CHESAPEAKE, Va. — Howard Levine has stepped down as an officer of Dollar Tree Inc.

Levine was chief executive officer of Family Dollar Stores Inc., which was acquired by Dollar Tree last summer. He remained with Dollar Tree to assist with the integration, reporting to and supporting CEO Bob Sasser.

Gary Philbin, who was named Family Dollar’s president and chief operating officer in July, will continue leading Family Dollar and reporting to Sasser.

“It was very important to me for Howard to remain with our company and to contribute to the combination of our two large organizations,” said Sasser. “He has been an integral leader at Family Dollar for more than two decades, and has accumulated a tremendous amount of knowledge and experience. I would like to commend Howard for his many years of service and leadership at Family Dollar, and to thank him for his partnership during our integration. Howard has completed everything I have asked of him during this process, and has proven to be a valuable resource to both Gary Philbin and me.

“Howard and his father had a great vision and for more than five decades were committed to creating jobs and delivering values to Family Dollar’s customers and their shareholders,” added Sasser.

Levine said he was impressed by Dollar Tree’s commitment to discipline and execution in running a value retailer. “I am confident that both the Family Dollar and Dollar Tree banners are well positioned for many years of growth and success,” he said.

Levine was an MMR Retailer of the Year in 2012.


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