On September 23 2025, CDI Contractors, the construction and general‑contracting arm of Dillard’s, announced that former Arkansas Secretary of Commerce Mike Preston would become its next chief executive officer, succeeding Mark Beach who will retire from the role.
The construction segment contributed $67 million in net sales in the quarter ended August 2 2025, and the leadership change is expected to influence its future performance. Dillard’s President Alex Dillard welcomed the appointment, stating that the company has assembled a strong leadership team at CDI.
The move is part of Dillard’s broader strategy to strengthen its construction business, which provides diversification beyond its core retail operations. Preston’s background in state commerce is anticipated to bring new expertise and relationships that could support the segment’s growth prospects.
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