DOLLAR GENERAL NAMES CHIEF FINANCIAL OFFICER.NASHVILLE, Tenn.--(BUSINESS WIRE)--May 20, 1996--Dollar General Corporation (NYSE NYSE See: New York Stock Exchange : DG) announced the appointment of Philip W. Richards as Vice President and Chief Financial Officer. Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Cal Turner, Jr. made the announcement saying, "Our recruitment of a CFO See Chief Financial Officer. has been a deliberate, methodical effort of the entire management team...and we have been extremely picky pick·y adj. pick·i·er, pick·i·est Informal Excessively meticulous; fussy. picky Adjective [pickier, pickiest] Brit, Austral & NZ . In Phil Richards, we have positioned a broad-gauged financial manager who will "Dollar Generalize" extremely well. "Phil's 20 years of service in the same company is impressive, and his experience in a rapidly growing, multi-store retail environment qualifies him to make a solid contribution to Dollar General." Although Mr. Richard's career has primarily been in financial management, his position for the prior five years has been Vice President, MIS for Woolworth Corporation. His 15 years of increasing financial responsibility with the Kinney Shoe Corporation (before it was acquired by Woolworth) culminated in the position of Senior Vice President and Chief Financial Officer from 1983 to 1991. A native of Toronto, Mr. Richards was graduated from the University of Waterloo The University of Waterloo (also referred to as UW, UWaterloo, or Waterloo) is a medium-sized research-intensive public university in the city of Waterloo, Ontario, Canada. The school was founded in 1957. , Ontario, Canada with a B.S. in Mathematics. Mr. Richards attained the Canadian Institute of Chartered Accountants The Canadian Institute of Chartered Accountants (CICA) is the umbrella body for the Chartered Accountant profession in Canada and Bermuda. Membership of the CICA totals 70,000 Chartered Accountants and 8,500 students. , C.A. designation, which is the Canadian equivalent to the C.P.A. degree in the United States. "Phil's interest in Dollar General and our interest in Phil have important qualities in common. We each place a priority on supporting the development of others...something we believe happens best in a true team culture that delivers shareholder-pleasing results," Turner said. Dollar General is a chain of more than 2,467 neighborhood stores operating in 24 states with distribution centers in Kentucky, Georgia and Oklahoma. The company's stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . CONTACT: Dollar General Corporation, Nashville Investor Contact: Kiley Fleming, 615/783-2014 Media Contact: Cabot Pyle, 615/783-2028 |
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