Mills Fleet Farm has ended its hunt for a CEO.

The Midwest retailer announced the appointment of Derick Prelle as president and CEO succeeding Wayne Sales, who has been serving as interim chief since January 2017. Sales was given the position following the departure of Duncan MacNaugton, who left to become president and COO of Family Dollar.

Prelle joins Mills Fleet Farm from KKR Capstone, which acquired the formerly family-owned Mills Fleet in January 2016. As managing partner – Americas, Prelle ran KKR’s retail and consumer operations group over the past decade. He has worked closely with Mills Fleet in his role working with KKR’s portfolio companies.

Prelle also has…