Family Dollar has named Duncan MacNaughton as chairman and CEO as the retailer prepares for its $1bn divestiture to Brigade Capital Management and Macellum Capital Management, expected to close in the second quarter of 2025.

The leadership announcement comes as part of Dollar Tree Inc.’s transition plan to establish Family Dollar as an independent company under new private equity ownership. MacNaughton brings extensive experience, having previously held the roles of president and COO at Family Dollar from 2017 to 2019. His broader retail background includes executive positions at Walmart, Supervalu, Albertsons, and H-E-B.

Jason Nordin, who joined Dollar Tree in 2023 and currently serves as Family Dollar’s president, will continue in the role and work alongside MacNaughton to steer the company’s strategic direction.

“This leadership structure brings together two highly experienced and complementary leaders who share a deep commitment to Family Dollar’s success,” said Mike Creedon, CEO of Dollar Tree Inc. “Duncan’s leadership experience and passion for value retail, combined with Jason’s strategic and operational expertise, position Family Dollar for a strong future as an independent company.”

The private equity-backed carve-out reflects growing interest in retail assets positioned for turnaround and growth under specialised leadership.

Source: Chain Store Age

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