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John Standley

Rite Aid appoints Heyward Donigan as CEO

Rite Aid appoints Heyward Donigan as CEO

CAMP HILL, Pa .— Rite Aid Corp. said Monday that the board of directors has appointed Heyward Donigan as chief executive officer and a member of the board, effective immediately. As planned, John Standley will step down from his role as chief executive officer. “Today’s announcement is an important step in positioning Rite Aid for

Rite Aid, Adobe partner to drive digital transformation

Rite Aid, Adobe partner to drive digital transformation

CAMP HILL, Pa. – Rite Aid Corp. has entered into a strategic partnership with Adobe to deliver seamless, personalized and connected health and wellness experiences for Rite Aid customers via Adobe Experience Cloud, the industry’s leading end-to-end solution for experience creation, marketing, advertising, analytics and commerce. Adobe Experience Cloud will enhance Rite Aid’s ability to

Shakeup at Rite Aid

CAMP HILL, Pa. — Rite Aid Corp. is replacing three top executives and cutting about 400 corporate jobs — more than a fifth of its white-collar positions. The chain announced the departures of chief executive officer John Standley, president and chief operating officer Kermit Crawford, and chief financial officer Darren Karst. Rite Aid said the

Rite Aid names Bruce Bodaken chairman at annual meeting

Rite Aid names Bruce Bodaken chairman at annual meeting

CAMP HILL, Pa. — Rite Aid Corp. named Bruce Bodaken chairman during the 2018 annual stockholders meeting on Tuesday. He assumed the role from John Standley, who will remain chief executive officer and a member of the board. Based on preliminary results from the meeting: Stockholders voted in favor of all of the company’s nominees to the

Rite Aid’s Q2 earnings meet expectations

Rite Aid’s Q2 earnings meet expectations

CAMP HILL, Pa. – Rite Aid Corp. on Thursday posted second-quarter earnings that were in line with Wall Street’s expectations. The company also named three new board members and announced it was dividing the chairman and chief executive officer position. Director Bruce Bodaken will become chairman while John Standley remains CEO. The moves follow the

Rite Aid, Albertsons agree to terminate merger

Rite Aid, Albertsons agree to terminate merger

CAMP HILL, Pa. – Rite Aid Corp. announced that it has mutually agreed with Albertsons Cos. to terminate their previously announced merger agreement. “While we believed in the merits of the combination with Albertsons, we have heard the views expressed by our stockholders and are committed to moving forward and executing our strategic plan as

Albertsons-Rite Aid to be wellness powerhouse

Albertsons-Rite Aid to be wellness powerhouse

CAMP HILL, Pa. — The Albertsons Cos. merger with Rite Aid Corp. will create a “truly differentiated” player in the food, health and wellness space, John Standley, chairman and chief executive officer of Rite Aid, said in an interview. The Albertsons-Rite Aid merger deal, announced Tuesday, will transform Rite Aid through the addition of 1,800

Albertsons Cos., Rite Aid to merge

Albertsons Cos., Rite Aid to merge

BOISE, Idaho, and CAMP HILL, Pa. — Albertsons Cos. plans to merge with Rite Aid Corp. in a deal that will take the supermarket retailer public. Albertsons Cos. and Rite Aid said Tuesday that the combined company will generate pro forma revenue of about $83 billion and operate about 4,900 stores, 4,350 pharmacy locations and

These retail execs stand out

These retail execs stand out

Who are the outstanding retail executives of the year? In years past, this determination would be a difficult task, because so many capable executives would be in contention. This year, not so much — not, at least, if individual success is measured by the success of the company. As we’ve pointed out, 2016 will not

Rite Aid opens first new DC in 16 years

Rite Aid opens first new DC in 16 years

SPARTANBURG, S.C. — Rite Aid Corp. has opened a new distribution center here, the company’s first new distribution center in 16 years. John Standley, Rite Aid chairman and chief executive officer and Ken Martindale, CEO of Rite Aid Stores and president of Rite Aid Corp., were joined by South Carolina secretary of commerce Bobby Hitt