Dollar Tree CEO Rick Dreiling Steps Down Amid Health Concerns

Interim CEO Michael Creedon takes over as Dollar Tree reviews strategic options for Family Dollar.

Dollar Tree's stock rose following the announcement of CEO Rick Dreiling's departure due to health issues.
Michael Creedon, the company's COO, has been appointed as interim CEO while a search for a permanent successor is underway.
Dollar Tree reiterated its fiscal third-quarter outlook, forecasting net sales between $7.4 billion and $7.6 billion.
The company is progressing in its strategic review of Family Dollar, considering a potential sale or spin-off.
Dollar Tree shares have lost over 50% of their value this year, impacted by economic pressures and competition.