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Retail | Wholesale | Food | Beverage 2025: CREEDON JR., MICHAEL C.
CEO, DOLLAR TREE, CHESAPEAKE
Virginia Business //September 2, 2025//
Retail | Wholesale | Food | Beverage 2025: CREEDON JR., MICHAEL C.
CEO, DOLLAR TREE, CHESAPEAKE
Virginia Business //September 2, 2025//
Creedon became permanent CEO of Dollar Tree in December 2024, after being appointed interim CEO the preceding month, when Rick Dreiling stepped down, citing health problems. Creedon joined the Fortune 500 discount retailer as chief operating officer in 2022, after over six years with Advance Auto Parts.
Recent years have challenged the chain, which employed more than 200,000 workers and operated 16,590 stores in 48 states and five Canadian provinces as of November 2024. In March, Dollar Tree announced it would sell the Family Dollar brand to private equity firms Brigade Capital Management and Macellum Capital Management for more than $1 billion. The company announced it had closed the sale in June.
While Dollar Tree’s first quarter revenue this year was up more than 11%, to more than $4.6 billion, the company warned there would likely be future hits due to tariffs. Dollar Tree is also raising prices, making some goods cost between $1.50 to $7.
An alumnus of Middlebury College, Creedon serves on the boards of trustees for the Chrysler Museum of Art and Norfolk Academy.
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