Dollar General Names New CEO

Discount retailer Dollar General Stores Inc. said Chief Operating Officer Todd Vasos would replace Rick Dreiling as chief executive, effective June 3. Dreiling, 61, will remain senior adviser and chairman until his retirement on Jan. 29, the company said on Thursday. Vasos was widely expected to be named the company's CEO and his candidature was supported by investors. Dreiling, who joined Dollar General as CEO in January 2008, has been credited with making the company the top U.S. deep-discount retailer.