Dollar Tree, Inc.
Leadership History
4 leaders · 2004 to present
Michael C. Creedon Jr. is the CEO of Dollar Tree, in the role since 2024. The first chief executive was Bob Sasser, from 2004.
| Name | Role | From | To | Years in role |
|---|---|---|---|---|
| Michael C. Creedon Jr. | Chief Executive Officer | 2024 | Present | 2 |
| Rick Dreiling | Former Chairman and Chief Executive Officer | 2022 | 2024 | 2 |
| Michael Witynski | Former Chief Executive Officer | 2020 | 2022 | 2 |
| Bob Sasser | Former Chief Executive Officer | 2004 | 2017 | 13 |
Dollar Tree is one of the largest U.S. value retailers by store count. Founded in 1986 as Only $1.00, it spent three decades as a strict one-price chain, bought Family Dollar for $8.5 billion in 2015, raised its base price to $1.25 in 2021 and sold Family Dollar to Brigade Capital Management and Macellum Capital Management in July 2025. Today it operates only the Dollar Tree and Dollar Tree Canada banners, with 9,436 stores across 48 states, the District of Columbia and Canada as of August 1, 2026. The company is headquartered in Chesapeake, Virginia. The massive American discount retailer traces its roots to a single variety store in Norfolk, Virginia in 1953, famously growing into a Fortune 500 empire by maintaining an absolute, uncompromising commitment to selling every single item for exactly $1.00 for over thirty years.
Chief Executive Officer
2024 – Present
2 years (current)
Completed the Family Dollar sale in July 2025 and focused capital on multi-price conversions, new stores and store standards.
Under his leadership Dollar Tree grew FY2025 net sales 10% and posted 3.5% and 3.7% comparable sales gains in Q1 and Q2 fiscal 2026.
Former Chairman and Chief Executive Officer
2022 – 2024
2 years
Joined as executive chairman in 2022 after the Mantle Ridge settlement, became CEO in 2023, closed underperforming Family Dollar stores and launched the strategic review of Family Dollar.
Set up the separation that his successor completed; stepped down in November 2024 for health reasons.
Former Chief Executive Officer
2020 – 2022
2 years
Witynski executed the most controversial, historic decision in the company's history: permanently breaking the strict '$1 only' pricing model and raising base prices to $1.25 across all stores.
As CEO, he navigated the severe supply chain crisis of 2021, but was ultimately ousted by activist investor Mantle Ridge following catastrophic underperformance at the Family Dollar subsidiary.
Former Chief Executive Officer
2004 – 2017
13 years
Sasser orchestrated the massive, highly disastrous $8.5 billion acquisition of Family Dollar in 2015, outbidding Dollar General in a move that saddled the company with thousands of dilapidated, unprofitable stores.
Serving as CEO from 2004 to 2017, he massively expanded the core Dollar Tree brand into an undisputed retail behemoth, but completely failed to successfully integrate the Family Dollar acquisition.
Dollar Tree's biggest challenges are tariff volatility, wage and freight costs, execution risk from multi-price rollout, keeping the $1.25 value perception intact, and rebuilding its operating rhythm after the Family Dollar separation. The sale removes a major distraction, but it also leaves Dollar Tree with less scale than the old combined company and puts more pressure on the core banner to deliver consistent traffic, basket growth, and margins.
Mike Creedon became interim Chief Executive Officer of Dollar Tree in November 2024 and was named permanent CEO in December 2024. Creedon previously served as Chief Operating Officer of Dollar Tree and held senior executive leadership roles at Advance Auto Parts.
Rick Dreiling served as Executive Chairman and CEO from 2022 to 2024. A well-known retail leader and former CEO of Dollar General, Dreiling spearheaded Dollar Tree's multi-price 'More Choices' expansion, closed underperforming Family Dollar stores, and initiated the strategic review of Family Dollar.
Michael Witynski served as CEO from 2020 to 2022. He successfully navigated unprecedented COVID-19 pandemic supply chain crises, launched the historic transition from the $1.00 price point to $1.25, and introduced the combo store concept.
Bob Sasser served as CEO from 2004 to 2017 and Executive Chairman until 2022. Sasser scaled Dollar Tree from a $2.8 billion regional chain into a $22+ billion retail giant, completed the $8.5 billion acquisition of Family Dollar, and entered the Fortune 150.
Rick Dreiling is the CEO. In a massive twist of corporate irony, Dreiling was previously the legendary CEO of Dollar General. In 2022, the activist hedge fund Mantle Ridge forced a complete overhaul of Dollar Tree's board and brought Dreiling out of retirement to fix the struggling company.
Compare executive leadership tenures and strategic transitions
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