(Reuters) -Dollar General on Wednesday named former employee Donny Lau as its new chief financial officer, effective October 20, replacing Kelly Dilts.

Lau was with the dollar chain for about six years and was the senior vice president of finance and strategy when he left in July 2023. Previously, he also held roles in financial planning at KFC-parent Yum Brands.

Current CFO Dilts' departure from Dollar General was announced last month. Dilts is set to join department store chain Nordstrom as its finance chief next week.

The C-suite change for Dollar General comes as inflation and macroeconomic turmoil fueled by tariffs forced consumers across income groups to shop more at discount stores, allowing the company to raise its annual targets in June.