DOLLAR
TREE ANNOUNCES CFO SEARCH
Dollar
Tree Stores, Inc. (NASDAQ: DLTR) today reported that Kent Kleeberger has
resigned his position as Chief Financial Officer effective Friday, October
26th,
in order to pursue other career opportunities. The company has begun
the process to identify a highly qualified CFO to replace Mr. Kleeberger and
announced that plans for an orderly transition are in place.
"It
has
been a pleasure to work with everyone at Dollar Tree and to have been a part
of
the success of a great organization that has produced industry leading financial
results while setting high standards for integrity and fairness," Mr. Kleeberger
said. "I am especially proud of the Finance team and our
accomplishments over the past 3 years. My decision to leave is based
entirely upon my personal goals and the needs of my family. Dollar
Tree has exciting plans for the future, a history of solid execution and I
wish
them continued success."
Bob
Sasser, President and CEO commented, "Kent has been a part of a very exciting
chapter in the history of Dollar Tree. With his help, our company has
grown in size, earnings per share have increased and our performance has
improved. Above all, he has built a strong team that is extremely
capable and motivated. We wish for him the very best in his future
endeavors."
Dollar
Tree Stores operates 3,334 stores in 48 states as of August 4,
2007.
A
WARNING
ABOUT FORWARD-LOOKING STATEMENTS: This press release may contain
"forward-looking statements" as that term is used in the Private Securities
Litigation Reform Act of 1995. Forward looking statements address
future events, developments or results and typically use words such as believe,
anticipate, expect, intend, plan, forecast, or estimate. For a
discussion of the risks, uncertainties and assumptions that could affect our
future events, developments or results, you should carefully review the “Risk
Factors,” "Business," and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” sections in our Annual Report on Form 10 -
K filed April 4, 2007 and our Quarterly Report on Form 10-Q filed September
12,
2007. In light of these risks and uncertainties, the future events,
developments or results described by our forward looking statements in this
document could turn out to be materially and adversely different from those
we
discuss or imply. We are not obligated to release publicly any
revisions to any forward looking statements contained in this press release
to
reflect events or circumstances occurring after the date of this report and
you
should not expect us to do so.
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CONTACT:
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Dollar
Tree Stores, Inc., Chesapeake
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Timothy
J. Reid
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757-321-5284
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www.DollarTree.com
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Return
to Form 8K