Dollar General has reinstated former CEO Todd Vasos, appointing him as the chief executive once again. The decision was made by board chairman Michael Calbert, who believes Vasos is the right person to refocus the company’s strategic direction and stabilize the business. However, research indicates that executives who return to their old jobs after a hiatus don’t always succeed, with a few exceptions like Steve Jobs at Apple.
During his previous tenure as CEO from June 2015 to November 2022, Vasos successfully doubled Dollar General’s market value to around $58 billion. However, his successor, Jeff Owen, was unable to prevent a significant decline in the company’s stock over the past year.
Charted: Dollar General’s stock plunge after Todd Vasos
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