Family Dollar Stores Inc (FDO) First Quarter 2015 Earnings Call Transcript

Howard Levine, Chairman and CEO, Family Dollar Stores Inc
Yes, yes, and yes. In addition, sometimes we cry. Meredith, one of the things that we worked hard on over the past many years is focused on succession planning and making sure that we develop that middle level of management when — not that we anticipate something like this but when you anticipate change and you are growing your company that you’ve always got to have a good crew in that middle level to come into positions when necessary.Fortunately, we have been able to handle most of those changes with promotions from within because as you could appreciate it, it is also difficult to recruit new folks into the company during this kind of time period. We have been fortunate that we have been able to promote a number of people in key positions and obviously that they may not have the same experience level as some of those that left, but are good Family Dollar people that have been here and are really grasping and excited about the opportunity that they have.

Again, I am very proud and appreciative of all the team members that have worked so hard under pretty difficult circumstances. I think we are working through that the best that we can, but you are absolutely right. It is challenging, it is difficult and fortunately, we have been able to handle it appropriately.

Meredith Adler, Barclays
Okay. Great. Thank you for answering my questions.

Howard Levine, Chairman and CEO, Family Dollar Stores Inc
Sure.

Operator
Thank you. I will now turn the call over to Ms. Rawlins for a final comment.

Kiley Rawlins, VP of Investor Relations and Communications, Family Dollar Stores Inc.
Thank you, Joshua. Thank you every one for joining us today. We unfortunately did not get to everybody in the queue. As always, I will be available after this call if you would like to followup. Thank you for your continued interest in Family Dollar and have a great day.

Operator
This will conclude today’s conference. We thank you for your participation.