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Photo of Bob Sasser Sasser had been CEO of Dollar Tree since 2004.

CHESAPEAKE, VA—Dollar Tree Inc. said Monday that Bob Sasser, the discount retailer’s CEP since 2004, was taking the role of executive chairman, effective immediately. His successor as president and CEO is Gary Philbin, who is also taking a seat on the Dollar Tree board as part of a planned succession.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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