Dollar General 2012 Annual Report Download - page 16

Proxy
business. The Board also considered the following in determining that the nominees should serve as
directors of Dollar General:
•Mr. Agrawal has over 10 years of experience in managing and analyzing companies owned
by private equity companies, including over 5.5 years with Dollar General. He has a strong
understanding of corporate finance and strategic business planning activities. While serving
as a member of KKR’s Retail and Energy industry teams, he gained significant experience
advising retail companies. Mr. Agrawal also has invaluable risk assessment experience.
•Mr. Bryant has over 40 years of retail experience, including experience in marketing,
merchandising, operations and finance. His substantial experience in leadership and policy-
making roles at other retail companies provides him with an extensive understanding of our
industry, as well as with valuable executive management skills and the ability to effectively
advise our CEO. As a former board chairman and as the chairman of the governance and
nominating committee of another public company, Mr. Bryant also possesses leadership
experience in the area of corporate governance. As a result, our Board has chosen
Mr. Bryant to preside over the executive sessions of our independent directors. Mr. Bryant
obtained his B.S. from Cal State University in 1971 and his MBA from Azuza Pacific
University in 1982. He also completed a Harvard University Finance Course in 1995.
•Mr. Calbert, who was nominated by the KKR Shareholders pursuant to the shareholders’
agreement and who has served on our Board for over 5.5 years, has considerable
experience in managing private equity portfolio companies and is familiar with corporate
finance and strategic business planning activities. As the head of KKR’s Retail industry
team, Mr. Calbert has a strong background and extensive experience in advising and
managing companies in the retail industry, including evaluating business strategies, financial
plans and structures, and management teams. Mr. Calbert also has a significant financial
and accounting background evidenced by his prior experience as the chief financial officer
of a retail company and his 10 years of practice as a certified public accountant. Our Board
has chosen Mr. Calbert to serve as lead director and to lead the executive sessions of the
non-management directors.
•Ms. Cochran brings over 20 years of retail experience to Dollar General as a result of her
current roles at Cracker Barrel Old Country Store and her former roles at
Books-A-Million. This experience allows her to provide additional support and perspective
to our CEO and our Board. In addition, Ms. Cochran’s industry and executive experience
provides leadership, consensus-building, strategic planning, risk management and budgeting
skills. Ms. Cochran also has significant financial experience, having served as the Chief
Financial Officer of two public companies and as the Vice President, Corporate Finance of
SunTrust Securities, Inc., and our Board has determined that she qualifies as an audit
committee financial expert.
•Mr. Dreiling brings to Dollar General over 40 years of retail experience at all operating
levels. He provides a unique perspective regarding our industry as a result of his
experience progressing through the ranks within various retail companies. Mr. Dreiling also
has a thorough understanding of all key areas of our business as a result of his experience
overseeing the operations, marketing, manufacturing and distribution functions of other
retail companies. In addition, Mr. Dreiling’s service in leadership and policy-making
positions of other companies in the retail industry has provided him with the necessary
leadership skills to effectively guide and oversee the direction of Dollar General and with
the consensus-building skills required to lead our management team and our Board.
Moreover, during the more than 5 years that Mr. Dreiling has served as our CEO, he has
gained a thorough understanding of our operations and has managed us through significant
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