Dollar Tree Inc. named the former leader of its main rival as executive chairman and revamped its board in a deal with activist investor Mantle Ridge.
Rick Dreiling, who previously served as chairman and chief executive officer of Dollar General Corp., will work with Dollar Tree CEO Mike Witynski to “capture new opportunities,” the discount retailer said in a statement Tuesday. Mantle Ridge founder Paul Hilal will join the board as vice chair, with five new directors and five continuing directors rounding out the reconstituted governance council.
The shakeup caps a campaign begun last year by Mantle Ridge, ...
