May 19 (Reuters) - Dollar Tree ( DLTR ) on Monday named

retail industry veteran Duncan MacNaughton as the chief

executive officer of the Family Dollar chain, which is in the

process of being bought by a group of private-equity investors

for about $1 billion.

MacNaughton, who served as the finance chief at Family

Dollar until 2019 and has held positions at Walmart, will take

over the role after the sale to Brigade Capital Management and

Macellum Capital Management is completed around the second

quarter of 2025, Dollar Tree ( DLTR ) said.

Family Dollar, spun off in March after a year-long search

for buyers, faced stiff competition for cheaper goods from

big-box outlets as well as online retailers.

Dollar Tree ( DLTR ) had outbid rival Dollar General to buy the

discount store chain for about $9 billion in 2015.