Posted 10:18 a.m. CST
Goodlettsville-based discount retailer Dollar General Corp. has hired a new chief executive to replace Cal Turner Jr., who is stepping down after 25 years with the company founded by his grandfather and father in 1939.
The appointment of new CEO David Purdue Jr. was effective immediately, the company said in a statement released Thursday morning. He will take over chairmanship of the board of directors in June from Turner.
Turner, whose departure comes after the retailer restated three years of earnings, repaid $6.8 million he received in bonuses and through the exercise of stock options in 1999 and 2000 based on the company's reported performance.