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Family Dollar has named a familiar face as its new leader as it prepares to become a standalone company.

Dollar Tree Inc., in partnership with Brigade Capital Management and Macellum Capital Management, said that Duncan MacNaughton will serve as chairman and CEO of Family Dollar following the close of the previously announced divestiture. Jason Nordin, who joined joined the company in October 2023 as chief of stores for Dollar Tree, will continue as president of Family Dollar.

In March, Dollar Tree Inc. entered into a deal to sell its struggling Family Dollar business to Brigade Capital and Macellum Capital for $1 billion.  The transaction is expected to close in the second quarter of 2025. 

McNaughton previously served as president and COO of Family Dollar from 2017 to 2019. In April, it was announced he would rejoin Family Dollar as chairman.  Naughton’s more than 30-year career in retail includes leadership positions at Albertsons, H-E-B, Walmart and Supervalu. (At Walmart, he was executive VP, chief merchandising and marketing officer.)

“MacNaughton is a seasoned retail executive with more than 30 years of experience leading large-scale businesses through growth and transformation,” Dollar Tree said in a release. 

Nordin, who has been leading the stand-up of the new Family Dollar organization, will work closely with MacNaughton to guide Family Dollar’s long-term strategic direction and operational execution, the company said in a statement.

“This leadership structure brings together two highly experienced and complementary leaders who share a deep commitment to Family Dollar’s success,” said Mike Creedon, CEO of Dollar Tree Inc. “Duncan’s leadership experience and passion for value retail, combined with Jason’s strategic and operational expertise, position Family Dollar for a strong future as an independent company.”