Dollar General CEO Rick Dreiling to retire
Goodlettsville, Tenn. — Dollar General announced that CEO and chairman Rick Dreiling plans to retire as chief executive effective May 30, 2015, or when a successor is appointed. The 60-year-old Dreiling has agreed to remain as chairman during the transition process once a new CEO is named. Family Dollar said it is conducting an internal and external search for a chief executive.
Dreiling has served as CEO since January 2008, and was named chairman of the board in December 2008. Under his leadership, the company’s annual sales have increased more than 80% to $17.5 billion in 2013, and store count has increased by 38% to more than 11,000 stores in 40 states.
“Rick Dreiling has proven that he is clearly one of retail’s leading CEOs,” said Mike Calbert, the company’s lead director. “During his tenure as CEO, Rick has driven significant shareholder value and led the company’s improvement on essentially every key operating metric. In addition, he has recruited and developed an outstanding management team and strengthened the company’s culture and mission.”
Survey: Screening uncovers resume lies
Charlotte, N.C. – More than nine-in-10 (93%) retailers who have conducted background screening of job applicants have discovered lies on resumes. According to the 2014 HireRight Employee Screening Benchmark Report, 71% of retailers said background screening uncovers issues that would not have been otherwise found.
Retail survey respondents said better employees are the number one benefit of background screening. In addition, 49% said more consistent safety and security is a key benefit. Thirty-nine percent of retail respondents integrate screening with an applicant tracking system.
Brooks Brothers names designer Zac Posen as women’s creative director
New York – Brooks Brothers has named designer Zac Posen as creative director for its signature women’s collection and accessories. In this new role, Posen will direct the current Brooks Brothers design and merchant teams and will be responsible for the women’s collection and affect a variety of areas including brand development and presentation for the women’s label.
Posen’s first women’s collection for Brooks Brothers will debut in spring 2016 and will be available worldwide. Posen launched his eponymous collection in 2001.