Family Dollar COO Michael Bloom Exits, Jason Reiser Promoted to EVP, CMO

Family Dollar (NYSE: FDO) announced today that its president and COO, Michael Bloom, is no longer with the company. No further details were given about the departure of Bloom, who had been with the retailer since 2011 and famously appeared on an episode of CBS's reality show, "Undercover Boss." 

"Since joining Family Dollar in 2011, Mike has been a valued part of our team," said Howard Levine, chairman and chief executive, in a news release. "We appreciate his contributions to the company and wish him all the best in his future endeavors.

Family Dollar also revealed that Jason Reiser has been promoted to the position of executive vice president and chief merchandising officer effective immediately. Reiser will report to Levine.

"Continuing to refine our assortment to meet the needs of our customer is critical to being a compelling place to shop," said Levine in a statement. "Jason's proven leadership, merchandising experience and deep understanding of our customer position him well to ensure that we grow both customer trips and market share."

In his new post, Reiser will oversee Family Dollar's merchandising, global sourcing, marketing, replenishment and financial planning teams. He has been with the company since July 2013 when he joined as senior vice president of merchandising. In that role, he managed the health, beauty, personal care and household product teams before being promoted to lead merchandising officer in October 2013.

Prior to coming on board at Family Dollar, Reiser spent 17 years at Walmart (NYSE: WMT) in a variety of roles, most recently serving as vice president of merchandising, health and family care for Sam's Club.

For more see:
-This Family Dollar press release
-This Family Dollar press release

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