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Discount retailer Dollar General promotes Todd Vasos as its new chief executive officer

NASHVILLE, Tenn. – Discount retailer Dollar General has named a new chief executive officer.

The Tennessean reports (http://tnne.ws/1J8UjXt) that Todd Vasos will replace Rick Dreiling on June 3.

Vasos joined Dollar General in December 2008 as executive vice-president, division president and chief merchandising officer.

He was promoted to chief operations officer in 2013. Before joining Dollar General, Vasos served in executive positions with Longs Drug Stores Corp.

Dollar General plans to open 730 stores this year as it expands its footprint into Maine, Oregon and Rhode Island.

The Goodlettsville, Tennessee-based company reported a net income of $355 million in the fourth quarter of 2014, compared with $322 million in the fourth quarter of 2013.