© Reuters. A shopping cart is seen outside a Dollar Tree store in Mount Rainier, Maryland, U.S., June 1, 2021. REUTERS/Erin Scott
(Reuters) -Dollar Tree Inc said on Tuesday Executive Chairman Richard Dreiling will replace Chief Executive Officer Mike Witynski, effective Jan. 29.
Dreiling, 69, has previously served as the chairman and CEO of Dollar General (NYSE:) and will expand his role at Dollar Tree (NASDAQ:).
Witynski, who was appointed as CEO in July 2020, had been with the discount retailer in various leadership positions since 2010.
Shares of Dollar Tree rose about 2% in premarket trading.
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