CHESAPEAKE, Va. — Chesapeake-based Dollar Tree announced their chief financial officer, Jeff Davis, will be stepping down, only a month after another major leadership change.
In the announcement, Dollar Tree said, "Dollar Tree, Inc. and Jeff Davis have agreed that he will step down from his role as the Company’s Chief Financial Officer. The company has launched an external search and to ensure a smooth transition, Mr. Davis has agreed to remain with the company through the filing of its fiscal 2024 Form 10-K."
In November, Dollar Tree announced CEO Rick Dreiling resigned due to health issues.
The company has also faced several setbacks earlier this year, including downsizing at the headquarters in Chesapeake and looking into the potential sale of the Family Dollar segment. In its third-quarter release accompanying the CFO announcement, the low-cost retailer said it was still looking into selling the segment.
Dollar Tree also announced plans to close an additional 25 locations during the remainder of the fiscal year but did not identify where exactly those locations would be.