Howard R. Levine

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Howard R. Levine is the former Chairman of the Board and Chief Executive Officer of Family Dollar and is the son of Leon Levine, the Founder of Family Dollar.

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Early life and education

Levine was born to a Jewish family, [1] the son of Barbara (née Leven) and Leon Levine. He graduated from the University of North Carolina at Chapel Hill in 1981 with a Bachelor of Science degree. [2]

Career

After graduating from college, Levine worked in the Merchandising Department at Family Dollar, rising to the position of Senior Vice President-Merchandising and Advertising from 1981 to 1987. Thereafter, he served as President of Best Price Clothing Stores, Inc., from 1988 to 1992. [2]

From 1992 to 1996, Levine was self-employed as an investment manager. [3]

In 1996, Levine rejoined Family Dollar and served in various positions until he became Chief Executive Officer in August 1998. [4]

In July 2014, Levine oversaw the buyout of Family Dollar by Dollar Tree in a deal totaling $8.5 billion. [5] Levine remained with the company following the merger and was appointed to Dollar Tree's board of directors. [6] Levine stepped down as CEO on January 15, 2016. [7]

Compensation

While CEO of Family Dollar in 2009, Howard R. Levine earned a total compensation of $5,612,726, which included a base salary of $948,654, a cash bonus of $1,894,615, stocks granted of $1,338,224, and options granted of $1,308,528. [8]

Philanthropy

Levine established the Howard R. Levine Foundation, a donor-advised fund. As of 2015, it had $65 million in assets after a $45 million addition by Levine. [9]

In February 2017, Levine and his wife Julie donated $2 million to Providence Day school in Charlotte. [10] The couple made a $100,000 matching gift through the foundation to the Time Out Youth Center's capital campaign in May 2017. [11] Later in 2017, the foundation donated 500,000 to the Crisis Care Initiative. [12]

Personal life

He has two children with his first wife. [1] He is married to Dr. Julie Lerner Levine with whom he has two children. [13]

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References

  1. 1 2 Perlmutt, David (June 21, 2011). "Howard Levine: A family man". Charlotte Observer.
  2. 1 2 Howard Levine Archived 2012-07-15 at archive.today , Wall Street Journal
  3. ↑ Howard R. Levine, Forbes.com.
  4. ↑ Williams, Grace L. "Family Dollar CEO's $12 Million Sale" . Retrieved 2017-10-12.
  5. ↑ "Dollar Tree to buy Family Dollar to stave off competition". Reuters. July 28, 2014. Retrieved 2017-10-12.
  6. ↑ "Charlotte region loses corporate headquarters in Family Dollar buyout". charlotteobserver. Archived from the original on 2014-07-28. Retrieved 2017-10-12.
  7. ↑ "Dollar Tree says Family Dollar CEO Howard Levine to quit". Reuters. 2016-01-08. Retrieved 2016-01-08.
  8. ↑ 2009 CEO Compensation for Howard R. Levine Archived 2009-11-01 at the Wayback Machine , Equilar
  9. ↑ "Howard Levine Adds $45 Million to Donor-Advised Fund" . Retrieved 13 October 2017.
  10. ↑ Price, Mark. "Howard Levine makes good on pledge, gives $2 million to Providence Day". Charlotte Observer. Retrieved 13 October 2017.
  11. ↑ Marusak, Joe. "Levines make $100,000 matching gift challenge to Time Out Youth Center". Charlotte Observer. Retrieved 13 October 2017.
  12. ↑ Price, Mark. "Howard Levine gives $500,000 to help CMS students in trauma at home". Charlotte Observer. Retrieved 13 October 2017.
  13. ↑ "Howard R. Levine Foundation makes Foundational Gift of $500K to CIS-Charlotte's Crisis Care Initiative". Communities in Schools Charlotte-Mecklenburg. August 29, 2017.
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