The company will “evaluate options” for its next CFO and is not currently conducting an external search, it said in a statement.
Garratt was named CFO in December 2015, a year after he joined the Tennessee-based company.
“While I look forward to spending more time with family, this was a difficult personal decision,” Garratt said.
Last week, rival Dollar Tree Inc (NASDAQ:DLTR) said Executive Chairman Richard Dreiling will replace Chief Executive Officer Mike Witynski, nearly a year after its settlement with an activist investor.
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