- Associated Press - Thursday, May 28, 2015

NASHVILLE, Tenn. (AP) - Discount retailer Dollar General has named a new chief executive officer.

The Tennessean reports (https://tnne.ws/1J8UjXt) that Todd Vasos will replace Rick Dreiling on June 3.

Vasos joined Dollar General in December 2008 as executive vice president, division president and chief merchandising officer.

He was promoted to chief operations officer in 2013. Prior to joining Dollar General, Vasos served in executive positions with Longs Drug Stores Corporation.

Dollar General plans to open 730 new stores this year as it expands its footprint into Maine, Oregon and Rhode Island.

The Goodlettsville, Tennessee-based company reported a net income of $355 million in the fourth quarter of 2014, compared to $322 million in the fourth quarter of 2013.

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