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Hagan plans his exit from DG

James Hagan, Dollar General executive vice president and chief financial officer, announced last week that he was resigning from the company after a reasonable transition period.

He joined the company in March 2001.

"Jim Hagan has provided invaluable service and leadership to Dollar General during some very difficult times," said David Perdue, the company's chairman and CEO. "We are sorry to see him go and wish him the best of luck. We have begun a search for his successor and intend to fill this position with someone who has similar talent, dedication and integrity."

Commenting on his departure, Hagan said, "I joined the company seven weeks before we announced the need for the restatement in 2001, and it has been a personal goal of mine to see the SEC investigation through to its conclusion. The announcement of the proposed settlement with the SEC presents the right time for me to close this chapter of my career. After assisting David with an orderly transition, I plan to take some down time before pursuing a more entrepreneurial career path."

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