CVS Long-Time Exec Joins Family Dollar

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October 18, 2011

Family Dollar’s succession plan continues apace as Michael Bloom, a former CVS executive, joins the retailer as R. James Kelly nears retirement after 15 years as president and COO.

Michael Bloom

Family Dollar has named Michael Bloom president and COO and promoted Dorlisa Flur to vice chair, strategy and chief administrative officer. Both Bloom and Flur will report to Howard Levine, chairman and CEO.

“Today’s announcement reflects the result of several years of thoughtful discussion and planning as we prepared for Jim’s retirement,” said Levine. “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.”

Bloom spent 19 years at CVS and in March 2010, was promoted to executive vice president, merchandising and supply chain where he integrated an end-to-end network, managed store layout, selection, purchasing, inventory and product supply.
“With more than 30 years of operational experience in small-box retailing, he is a seasoned merchant with a proven track record of leading high-performing teams and delivering results,” Levine said. “In his new role, Mike will have responsibility for major operational functions, including store operations, merchandising, marketing, global sourcing, and supply chain.”

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