05:18 PM EDT, 05/19/2025 (MT Newswires) -- Dollar Tree ( DLTR ) announced late Monday, in partnership with Brigade Capital Management and Macellum Capital Management, that Duncan MacNaughton will serve as chairman and chief executive officer of Family Dollar.

MacNaughton will lead Family Dollar after the previously announced divestiture, which is expected to close in Q2, according to a statement.

MacNaughton most recently served as president and chief operating officer of Family Dollar, the company said.

Jason Nordin will retain his role as president of Family Dollar, the company added.