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Dollar General Names John W. Garratt as Chief Financial Officer

Company Press Release

GOODLETTSVILLE, Tenn.–(BUSINESS WIRE)– Dollar General Corporation (NYSE:DG) today announced the promotion of John W. Garratt to executive vice president and chief financial officer (CFO), effective December 2, 2015. Garratt has served as Dollar General’s interim CFO since June 2015 and previously served as its senior vice president of finance and strategy since joining the Company in October 2014.

Additionally, Anita C. Elliott, senior vice president and controller at Dollar General since 2005, has been appointed chief accounting officer (CAO). Elliott will report to Garratt in his role as CFO, effective December 2, 2015.

“I’m pleased to announce John’s appointment to CFO. He is an accomplished executive with significant financial experience. As interim CFO, John has already played a key role as we look to implement our zero-based budgeting process and execute our new store growth. We look forward to his future contributions at Dollar General,” said Todd Vasos, Dollar General’s chief executive officer.

Vasos continued, “During her ten years at Dollar General, Anita has consistently demonstrated her leadership and accounting expertise. She is uniquely qualified to serve as our CAO.”

Garratt will oversee all aspects of the Company’s financial and information technology operations. Prior to joining Dollar General in 2014, Garratt held various positions of increasing responsibility in the finance organization of Yum! Brands between May 2004 and October 2014, and held leadership positions in corporate strategy and financial planning. Most recently, he was vice president, finance and division controller for KFC. Prior to Yum! Brands, Garratt served as Plant Controller for Alcoa from April 2002 to May 2004. He also spent three years with General Electric in various financial management roles with increasing responsibility. He started his career at Alcoa where he worked for approximately nine years from May 1990 to March 1999. Garratt holds a bachelor’s degree in finance from Indiana University and an MBA in finance and strategy from Carnegie Mellon University.

Prior to joining Dollar General in August 2005, Elliott served as vice president and controller at Big Lots Inc. Previously, Elliott was vice president and controller for Jitney-Jungle Stores of America, Inc., a grocery retailer. Elliott is a certified public accountant. She also practiced public accounting for 12 years, a portion of which was with Ernst & Young, LLP. Elliott is a graduate of The College of William and Mary, where she received both her Bachelor of Business Administration and Master of Business Administration degrees.

About Dollar General Corporation

Dollar General Corporation has been delivering value to shoppers for over 75 years. Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at low everyday prices in convenient neighborhood locations. Dollar General operates 12,396 stores in 43 states as of October 30, 2015. In addition to high quality private brands, Dollar General sells products from America’s most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo. For more information on Dollar General, please visit

Dollar General Corporation

Investor Contacts: Mary Winn Pilkington, 615-855-5536 & Matt Hancock, 615-855-4811


Media Contacts: Dan MacDonald, 615-855-5209 & Crystal Ghassemi, 615-855-5210