Veteran MacNaughton Has Been Reappointed by Dollar Tree as CEO for spun-off Family Dollar

Duncan MacNaughton has been reappointed as the CEO of Family Dollar, a discount store that is being sold for about $1 billion by Dollar Tree, Inc. (NASDAQ:DLTR). The sale is anticipated to close in the second quarter of 2025, with Brigade Capital Management and Macellum Capital Management leading the deal's closing.

Family Dollar's financial chief until 2019 was MacNaughton, a veteran of the retail industry who has also held executive positions at Walmart. His comeback comes as  Dollar Tree, Inc. (NASDAQ:DLTR)’s Family Dollar is undergoing an ownership shift following its March 2025 split, which ended a year-long hunt for buyers.

In 2015, Dollar Tree, Inc. (NASDAQ:DLTR) successfully outbid Dollar General to purchase Family Dollar for roughly $9 billion. Since then, though, the company has had operational difficulties and fierce competition from big-box stores and online marketplaces that provide cheaper alternatives.

The $1 billion deal price shows Family Dollar's struggles to stay relevant in the industry and reflects a substantial value drop from the 2015 acquisition. As the business moves into a new stage under private equity ownership, MacNaughton's hiring is intended to offer steady leadership. The stock is up by over 18% in 2025 so far.

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