Dollar Tree said on Thursday interim CEO Michael Creedon would take on the role permanently, tasking an insider to lead a turnaround of the dollar-store chain facing weak demand and intense competition.

Dollar Tree has named Michael Creedon Jr. as its permanent CEO. He was named Interim CEO after previous CEO Rick Dreiling stepped down in November.

Dollar Tree, Inc. recently announced the appointment of Michael C. Creedon Jr. as its permanent Chief Executive Officer (CEO)

Dollar Tree Inc. has officially appointed interim CEO Michael C. Creedon Jr. to permanent CEO. Creedon stepped into the interim role after Rick Dreiling left the company due to health issues in early November.

Former COO Michael Creedon will become the retailer’s third chief executive in the span of two years. Creedon, the retailer’s chief operating officer, has been serving as interim chief since November and takes the helm as it navigates several major initiatives.

Dollar Tree, Inc. (NASDAQ: DLTR) today announced that its Board of Directors has appointed Interim CEO Michael C. Creedon, Jr. as permanent Chief Executive Officer.

Dollar Tree said it has named Michael Creedon Jr. as the discount retailer’s permanent chief executive, removing the interim tag he has carried since early November.

Creedon, the retailer’s chief operating officer, has been serving as interim chief since November and takes the helm as it navigates several major initiatives.

Dollar Tree (DLTR.O), opens new tab said on Thursday its interim CEO Michael Creedon would take on the role full-time. Conagra Brands on Thursday posted a smaller-than-expected drop in quarterly sales,