Dollar General's CEO to retire in a year; DG and FDO both fall

|About: Dollar General Corporation (DG)|By:, SA News Editor

Dollar General (DG -6%) CEO Rick Dreiling, 60, plans to retire either on May 30, 2015, or upon the appointment of a successor. An "internal and external search" has been launched to find Dreiling's replacement.

Dreiling has been DG's CEO since Jan. '08. His retirement plans come as Carl Icahn pushes for rival Family Dollar (FDO -3.1%) to pursue a merger, possibly with DG.

Investors seem to be betting the uncertainty surrounding DG's CEO transition lowers the near-term odds of a deal.