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(Dollar General)

Dollar General Corp. named JJ Fleeman as its next CEO, replacing Todd Vasos, who led the discount chain through an era of consistent growth.Ìý

Fleeman, who will assume the role in January, has deep experience in the grocery category, most recently leading a division of Ahold Delhaize, which owns chains such as Giant and Stop & Shop.Ìý

Vasos, who will stay on as adviser through April of next year, retook the helm of the chain in 2023, after serving in the top job for about seven years.

During his time as the company’s CEO, the retailer has nearly doubled its locations to more than 20,000.

Shares of Dollar General fell about 3% when the market opened March 24.

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The stock had fallen roughly 6% this year through the March 23 close.Ìý

Dollar General has benefited from shoppers becoming more frugal in recent years amid high inflation. That’s included attracting wealthier consumers.

Dollar General ranks No. 21 on theÌýTransport Topics Top 100 list of the largest private carriersÌýin North America and No. 3 on TT’sÌýwholesale/retail carriers sector list.