Dollar General Corporation's Board approved Jerry W. “JJ” Fleeman, Jr. to succeed Todd J. Vasos as CEO effective January 1, 2027, with Fleeman joining the Board and Vasos serving as Senior Advisor through April 2, 2027 while remaining a Board member. Employment and transition agreements outline compensation terms including base salaries, bonuses, equity awards, and severance provisions.
Key takeaways
Board approved Jerry W. “JJ” Fleeman, Jr. as CEO effective January 1, 2027, succeeding Todd J. Vasos.
Todd J. Vasos to serve as Senior Advisor from January 1, 2027 through April 2, 2027, and remain on Board.
Fleeman's initial base salary $1.25 million, target bonus 150% of base, $500,000 signing bonus, $4M inducement RSUs, prorated $7.5M new hire equity (50% RSUs/50% PSUs).
Vasos base salary remains $1.65 million, target Teamshare bonus 200% of base, $12M 2026 equity award.
Fleeman age 52, prior CEO of Ahold Delhaize USA since April 2023.
Press release issued March 24, 2026 detailing the transition.