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Dollar Tree CEO Vacates in Planned Succession

On Bob Sasser's watch, the discount retailer's footprint of mainly net leased locations grew from fewer than 1,200 to more than 14,500 stores.

By Paul Bubny | paulbubny | Updated on September 18, 2017

Photo of Bob Sasser Sasser had been CEO of Dollar Tree since 2004.

CHESAPEAKE, VA—Dollar Tree Inc. said Monday that Bob Sasser, the discount retailer’s CEP since 2004, was taking the role of executive chairman, effective immediately. His successor as president and CEO is Gary Philbin, who is also taking a seat on the Dollar Tree board as part of a planned succession.

Sasser joined Dollar Tree as COO in 1999. Over the course of his 13-year tenure as CEO, Dollar Tree increased its store count more than tenfold, from fewer than 1,200 locations to more than 14,500.

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