Exec Changes Seen at Dollar Tree, Big Lots & Walgreens
A number of leadership changes have taken place at some of the top U.S. retailers.
Michael Witynski has been promoted to president and CEO of Dollar Tree, replacing the retiring Gary Philbin.
Previously president and chief operating officer, Witynski joined the company in 2010 as senior VP of stores. He was named enterprise president in 2019, in charge of merchandising, store operations and supply chain functions for the Dollar Tree and Family Dollar brands.
“I am honored to take on this new role and excited about Dollar Tree’s opportunities to drive even more value for our customers and shareholders,” said Witynski in a statement. “We have great momentum; our sales and margins are encouraging; our work to improve the customer experience is driving traffic; and we are now capturing more of the benefits inherent in bringing the Dollar Tree and Family Dollar management teams together under one roof. It has been a privilege to work with Gary, and I wish him the best for the future.”
Philbin, who joined the company in 2001 and took the helm in 2017, will remain with the company as an executive and member of the board of directors through Sept. 23.
Dollar Tree operates 15,370 stores across 48 states and five Canadian provinces under the Dollar Tree, Family Dollar and Dollar Tree Canada brands. The company shared in May that it intends to open hundreds of new stores this year despite the challenged retail landscape.
In more retirement movement, Jack Pestello has taken the role of executive VP, chief merchandising officer at discount retailer Big Lots, filling the shoes of outgoing Lisa Bachmann.
Pestello has more than two decades of global retail experience, including seven years in leadership roles Walmart. His tenure there included serving as senior VP and general merchandise manager for Walmart’s grocery business; senior VP, private brands; and VP of Walmart’s international division.
"Delivering a compelling customer experience and maintaining deep customer connections is more important than ever in today's retail environment," said Pestello. "I am excited to leverage my brand-building and merchandising experience to further advance Big Lots' momentum, and ensure we continue to provide great products and value to our customers."
Big Lots operates 1,404 stores in 47 states.
Walgreens Boots Alliance named Mike Maresca its new chief technology officer. Maresca, who joined the company in June, was most recently global managing director of enterprise analytics at Accenture.
He’ll be responsible for leading the retailer’s cloud strategy, as well as its enterprise architecture, APIs, data and analytics, SAP solutions and software development.
WBA is accelerating its digital transformation strategy and increasing its digital investments, the healthcare retailer shared in its most recent earnings call.