Family Dollar Stores Inc. has named Mary A. Winston to the position of EVP and CFO. Reporting to chairman and CEO Howard R. Levine, Winston will have executive responsibility for the Matthews, N.C.-based company’s financial operations, including accounting, treasury, tax, financial planning, investor relations, and internal audit.
Before joining Family Dollar, Winston was SVP and CFO for four years at Pittsburgh-based Giant Eagle. She was also previously EVP and CFO of Scholastic Corp., a children’s publishing and media company; VP, treasurer and then controller of Visteon Corp., an automotive parts supplier; and VP, global financial operations of Pfizer Inc., a global pharmaceutical company.
“With more than 25 years of financial management and leadership experience, Mary is an excellent addition to our team,” said Levine. “Her extensive financial experience, combined with her strong communication and analytical skills, make her a great choice to help us execute against our strategic plan to expand our market share and drive greater financial returns.”
In conjunction with Winston’s hiring, Kenneth T. Smith, former SVP – CFO, will depart the dollar store chain, taking on the transitional role of SVP – finance until October 2012.
“Throughout his 22-year tenure with the company, Ken has made significant contributions to Family Dollar in a variety of financial and operational areas,” added Levine. “Under his leadership, Family Dollar has strengthened its financial position and delivered strong returns to shareholders.”
Family Dollar operates more than 7,100 stores in rural and urban settings across 44 states.