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GOODLETTSVILLE, Tenn. -- Dollar General Corp. said its former chairman and c.e.o., Cal Turner, Jr., will retire from his position as advisor to the board on Oct. 31. Turner stepped down from the c.e.o. position in November, 2002, and has been serving in an advisory role since then.
Upon his resignation, Turner will receive a one-time lump sum retirement payment of $1 million, among other benefits, according to documents the company filed with the SEC. He will be named Honorary Chairman Emeritus of Dollar General in honor of his many years of service to the discount retailer.
Dollar General operates 7,782 neighborhood stores nationwide.