Rite Aid Corporation Realigns Management to Streamline Operations
March 08 2022 - 8:00AM
Business Wire
Rite Aid Corporation (NYSE: RAD) today announced steps to
realign its management team and streamline the company’s
operations, including the elimination of the Rite Aid Chief
Operating Officer (COO) position and consolidation of its pharmacy
leadership. As a result, Jim Peters, COO, and Jocelyn Konrad,
Executive Vice President and Chief Pharmacy Officer, have left the
company.
Karen Staniforth, Senior Vice President, Clinical Pharmacy
Services, will take on the title of Chief Pharmacy Officer, which
going forward will be focused specifically on centralized pharmacy
operations in addition to her current responsibilities. Andre
Persaud, Executive Vice President and Chief Retail Officer, will
take over field operations for pharmacy as well as oversight of
front-end operations. Staniforth, Persaud and Erik Keptner, Senior
Vice President and Chief Marketing and Merchandising Officer, will
report directly to Heyward Donigan, Rite Aid’s President and CEO.
In addition, Justin Mennen, Executive Vice President and CIO, will
expand his responsibilities to include leadership of all digital
and ecommerce and his new title is Chief Digital and Technology
Officer.
“The changes we announced today are part of our ongoing efforts
to reduce costs and remove layers,” said Ms. Donigan. “Karen,
Andre, Erik and Justin have been instrumental in bringing our full
suite of retail products and pharmacy services to our customers,
and I look forward to working directly with them as we execute on
our omni-pharmacy strategy.”
Ms. Donigan continued, “I also want to thank Jim and Jocy for
their many contributions and wish them well in their future
endeavors.”
About Rite Aid Corporation
As the trusted, everyday care connector, Rite Aid drives lower
health care costs through better coordination, stronger engagement,
and personalized services that help you achieve whole health for
life. We provide an array of whole being health products and
services for the entire family through over 2,450 retail pharmacy
locations across 17 states. Through Elixir, we provide pharmacy
benefits and services to millions of members nationwide. For more
information, www.riteaid.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220308005325/en/
Investor: Byron Purcell (717) 975-3710 investor@riteaid.com
Media: Terri Hickey (773) 655-3035 press@riteaid.com
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