By Samantha Delouya, CNN (CNN) — Dollar General has brought back its former chief executive in an attempt to revive its struggling business. On Thursday, the discount chain announced that it had reinstated Todd Vasos as CEO, replacing Jeff Owen.
Dollar General announced that it's bringing back its former CEO to help stabilize the business, which has faced several disappointing quarters and labor violations.
Shares of Dollar General are up more than 7% before the opening bell after the discount chain said Todd Vasos will be returning as CEO after a streak of disappointing quarterly profits