Kelly Retires as Family Dollar President, COO

ELLIOT ZWIEBACH

MATTHEWS, N.C. — Family Dollar Stores here said Tuesday that R. James Kelly would retire as president and chief operating officer, effective immediately, though he will continue to serve as vice chair for six months.

Succeeding him as president and COO will be Michael K. Bloom, who spent 20 years with CVS Caremark, Woonsocket, R.I. His most recent title there was executive vice president, merchandising, supply chain, marketing and advertising.

In conjunction with Kelly's retirement, Family Dollar said it was promoting Dorlisa K. Flur to the new position of vice chair, strategy, and chief administrative officer.

Kelly, 64, has been with Family Dollar for 15 years and has been president and COO since mid-2006. He spent the previous nine years as vice chair and chief financial officer.

Flur joined the company ins 2004 as senior vice president, strategy and business development; she was promoted to executive vice president, strategy and marketing, in 2008 and in mid-2009 was named executive vice president and chief merchandising officer.

"We are pursuing an ambitious growth agenda to expand our market share and drive greater financial returns, and these leadership changes ensure that we have a strong management team in place to execute our plans," said Howard Levine, chairman and chief executive officer.