Nordstrom hires Dollar General’s Turnaround CFO behind the stock surge

Dilts has resigned from his role as EVP and CFO at Dollar General (No. 112 (Fortune 500) July 11th and her final day is August 28th. SEC filing. The company began searching for her successor. Dollar General declined to provide additional comments. On August 29th, Dilts was Nordstrom, Inc. I’ll be participating in (No. 291) As CFO, the retailer announced Thursday.

Dilts became CFO at Dollar General in May 2023. She joined Finance in July 2019 as SVP, where she oversaw financial planning, procurement, margin planning, decision science and analysis, and investor relationships. Previously he was EVP and CFO at Francesca’s Holding Corp., where he held senior financial roles for other major retailers.

With nearly 30 years of financial leadership experience, Dilts has been praised in a statement by Nordstrom Co-CEO-CEO Nordstrom, calling him a leader with a track record of driving strong results at large omni-channel retailers. He expressed confidence in his ability to help strengthen his business. As of late May 2025, Nordstrom is no longer a publicly available company and has completed the migration Personally owned Under the Nordstrom family and El Puerto de Liverpool.

In Nordstrom’s announcement, Diltz said: “Northstrom has a strong legacy, a clear sense of purpose, a deep commitment to customers, employees and brand partners. We look forward to working with our leadership team to build that foundation.” Diltz will make Kathy Smith successful, who left Nordstrom in March Join Starbucks as CFO.

Shrinking “shrinking”

Dollar General faces significant challenges as it responds to changing consumer needs, regulatory pressures and competitive headwinds along with the CEO transition. In a December 2023 revenue call, Dilts said that “reducing” (an industry term that primarily refers to theft) has been “substantially important to us for a while and will definitely be carried in 2024.”

She has made improvements to this area of the company Basic things strategy. In particular, Dollar General used AI to analyze self-checkout purchases to identify stores with the highest level of theft and incorrect items. This has led the company’s decision, led by CEO Todd Vasos, to eliminate the option of self-check-out in the majority of stores.

in Q1 2025Dollar General’s gross profit as a percentage of sales increased to 31%, with 78 basis points increase, and profits attributable to a decline in contraction and increased inventory markup. “Our shrinking mitigation efforts continue to drive positive results, including a year-over-year improvement of 61 basis points in the first quarter,” she said in her June 3 revenue call.

Top Performance Retail Stocks

Amidst tariffs and inflation, the dollar general and other discount retailers attracted more middle- and high-income shoppers. After a strong first quarter results, Dollar General raised its year-round guidance.

DG stands out as a major consumer/retail stock One of the biggest movers Since the market height in February. DG’s stock price rose to over $113 by mid-July, from about $74 in mid-February to over 50%. He is a major acquirer among the major retailers and is particularly noteworthy as the driving force behind the S&P 500’s latest rally.

For the remainder of the year, Morningstar Equity Analyst Dan Sue hopes Dollar General will pay attention to tariffs given that around 20% of sales come from imports. Su said the company is doing “solid work” to attract new shoppers and hopes that commercialization, store renovations and ongoing investment in labor will help maintain sales growth for the same store.

Once Dilts moves to Nordstrom, she once again has the opportunity to implement transformational strategies at another major retailer.

Have a great weekend.

Cheryl Estrada
sheryl.estrada@fortune.com

Leaderboard

Increases the power of the Fortune 500

Leanie ObergMarriott International’s CFO and EVP (No. 171) On March 31, 2026, I decided to quit after spending more than 20 years with a US hotel operator. CFO Oberg will be successful since 2016 Jen TasonHe joined Marriott in 1992 and is currently a global officer, treasurer and risk management. Mason is also the former CFO of the company and Canada. Shawn Hill On January 1st, he was promoted to the role of EVP and Chief Development Officer. Oberg has been in that role since February 2023.

Daniel S. TuckerEVP and CFO Southern Company (No. 161), the energy provider is planning to retire. David P. PolochCurrently, SVP has been promoted to Tucker’s success on July 31st. Tucker will move into a senior advice role that reports to CEOs until he leaves October 1st. From there, he was EVP, CFO and Treasurer for Georgia Power at Southern Company Gas in 2021, and was a partner at Deloitte & Touche LLP before joining Southern Company.

Every Friday morning, the weekly Fortune 500 Power Moves column tracks the Fortune 500 Company C-Suite Shifts–See the latest edition.

More notable moves this week:

Mukul Mehta Promoted to CFO of a pharmaceutical company Novartis (ECN) effective March 16, 2026. Mukul will take over Harry Kirsch, who has been CFO since 2013, and will retire from Novartis after a 22-year career at the company. Harry will continue his role as CFO until March 15th, 2026. Mukul brings over 20 years of experience at Novartis. He was recently appointed to the BPA Head, Digital Finance and Tax roles, which will continue until next March. His career includes three years of working as CFO International, President AD-Interim, CFO Pharmaceuticals Business Unit, CFO Novartis Business Services, CFO Pharmaceuticals Europe Business, and CFOs of France, Poland and Norway.

Brandy Richardson appointed CFO for multi-brand luxury retailer Scissors GlobalEffective on August 18th. Richardson will join Saks Global after acquiring Neiman Marcus Group (NMG) in December 2024 and replace interim CFO Mark Weinsten, who will lead Saks Global through the early stages of its transformation. Richardson spent most of her career at NMG, where she took on several financial leadership roles, increasing her responsibilities over her 15-year tenure.

Sandy Mahatme appointed CFO and Chief Business Officer In front of the bio (NASDAQ: VOR), a clinical stage biotechnology company. Mahatme has joined Vor Bio with over 30 years of executive leadership experience. He recently appeared in National Resilience, Inc., a biomanufacturing company he co-founded in 2020. was president, chief operating officer and CFO of the company.

Mark Messler It came into effect on July 7th and resigned from his position as CFO of Archer Aviation Inc. (NYSE: ACHR). SEC filing. Mesler has been on medical leave since September 2024. During his absence, Priya Gupta served as the principal financial director for CFO and acting. Gupta continues these roles. Harsh Rungta remains the financial SVP and Chief Accounting Officer and principal accounting officer.

Karyn OvelmenEVP and CFO Newmont (NYSE:NEM) resigned on July 11, one of the world’s largest gold miners. She will be replaced temporarily with the best legal officer Peter Wexler, and the company searches for a permanent exchange.

Sarah C. Young He has been appointed CFO Bell Partnera privately held company specializing in apartment investment and management, and will replace John Tomlinson after his retirement scheduled for August 22nd. Young will join the company on July 14th and report to Lili Dunn, CEO and President of Bell Partners. After retirement, Tomlinson will remain as an advisor to the company until the end of 2025. Young previously served as CFO and Senior Managing Director of Quartra Group, a subsidiary of Homebuilder Lennar, where he worked for 10 years. Prior to that, Young was part of the Finance Group at Walton Street Capital.

Corleen Roche He was appointed CFO of Iovance Biotherapeutics, Inc. (NASDAQ: IOVA), Commercial Biotechnology Company, August 6th. Roche brings 30 years of experience in the biotechnology and life sciences industry. Most recently she was CFO in CG Oncology. Her previous roles included the roles of CFOs of Immunome, US CFOs of Biogen, North American CFOs of CSL Behring, Sandoz, Wyeth, and various CFOs within Pfizer.

A big deal

a Gartner, Inc. Investigation by As we enter the second half of 2025, we find that 37% of CFOs have already suspended capital expenditures. This suspension is driven by a combination of cost pressures, policy changes and geopolitical risks.

A survey of 197 financial leaders conducted on June 19 revealed a strong tendency for many to be willing to suspend or strip off capital expenditures. Three percent of respondents reported suspending or stripping more than 25% of their 2025 capital expenditures.

“There will be almost no planned increase in capital expenditures in the second half of 2025,” said Alexander Bant, head of research at Gartner Financial Practices. Bunt noted that this reflects a careful strategy that addresses the current economic and policy uncertainties facing organizations.

Another important finding: 67% of financial leaders are in the process of cutting costs, or have already completed their cost reductions, or plan to do so later this year.

Go deep

Here is the 4 Fortune weekend reads:

“Kindermorgan starts oil and gas revenue season with bullish prospects thanks to thirsty data centers“Jordan Blum

“The economy enters the age of budget shopping, and consumers double their value even if they increase their spending“Irina Ivanova

“Coinbase’s new super app base is a game changer and could become a serious money makerBy Jeff John Roberts

“Four Food Sciences says that it can help you live to 100“By Alexa Mikhail

I’ve heard it

“I live in a hybrid so I always have a suitcase on the edge of my arm.”

– Kirsty Glenne, managing director of luxury luggage brand Antler said luck In the interview. Grennes divides time between beachside homes on the coasts of London, Sydney, New York and the UK. Grenne discussed how she powers her through long-distance flights, connects with school-age children across the continent, and balances the demands of a global career.