“Andre has demonstrated proven success when it comes to leading a transformational retail strategy,” said Heyward Donigan, chief executive officer, Rite Aid. “The company has many exciting growth initiatives planned for 2020 and beyond. With Andre on board, we will move quickly to build on existing Rite Aid customer loyalty and implement a compelling, go-forward retail vision.”
“I’m thrilled to join Rite Aid at such a pivotal moment in the company’s history,” said Persaud. “Customer expectations of retail pharmacies are rapidly changing. They want a more engaged health and wellness experience, more relevant, curated merchandise and a seamless retail experience. I look forward to working with the Rite Aid team to deliver on these expectations.”
Most recently, Persaud was as an executive consultant with Wakefern Food Corp. where he worked with the leadership team on the company’s ongoing strategic transformation. Prior to Wakefern, he served as executive vice president retail, for Shopko Stores Operating Co. with direct responsibility for all operating divisions and banners across retail, pharmacy, and optical.
Persaud has served on the National Association of Chain Drug Stores board of directors and as a board advisor for Profitect, an AI and prescriptive analytics company.
He holds both a bachelor of pharmacy degree and an MBA from the State University of New York at Buffalo.