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Rite Aid Corp.

Rite Aid files for Chapter 11 bankruptcy protection

Rite Aid files for Chapter 11 bankruptcy protection

PHILADELPHIA — Rite Aid Corp. on Sunday announced that it has filed for Chapter 11 bankruptcy protection, as part of a voluntary restructuring plan that the company says will reduce its debt, increase its financial flexibility, and allow it to accelerate its ongoing business transformation. In connection with this process, Rite Aid said it has

Heyward Donigan departing Rite Aid

Heyward Donigan departing Rite Aid

PHILADELPHIA — Rite Aid Corp. announced Monday that its board of directors has appointed Elizabeth (“Busy”) Burr, a member of the company’s board, as interim CEO, effective immediately. Burr’s appointment follows Heyward Donigan’s departure from the company as president and CEO, and as a member of the board. Rite Aid has initiated a search to

Rite Aid announces leadership restructuring

Rite Aid announces leadership restructuring

CAMP HILL, PA – Rite Aid Corp. announced Tuesday a leadership transition plan and an organizational restructuring to better align its structure with the company’s operations and to reduce costs. As part of the leadership transition, John Standley will step down as chief executive officer. The Board will promptly commence a search process for a

Rite Aid names Bulkley CEO of EnvisionRxOptions

Rite Aid names Bulkley CEO of EnvisionRxOptions

CAMP HILL, Pa.— Rite Aid Corp. announced that Ben Bulkley, an established executive with more than 20 years’ experience in health care and technology, has been named chief executive officer of EnvisionRxOptions, a pharmacy benefit management (PBM) company and wholly owned subsidiary of Rite Aid. Bulkley will report to Rite Aid CEO John Standley. Bulkley

Rite Aid names Mennen senior VP and CIO

Rite Aid names Mennen senior VP and CIO

CAMP HILL, Pa. — Rite Aid Corp. on Tuesday appointed Justin Mennen as senior vice president and chief information officer. Mennen, a seasoned technology and digital leader with more than 20 years of technology leadership experience, will be responsible for all aspects of the company’s technology and information operations, including enterprise systems and applications, network,

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

Merger falls apart

CAMP HILL, Pa. — In the wake of their canceled merger agreement, Albertsons Cos. and Rite Aid Corp. confront very different challenges as they face the future. Albertsons’ board of directors declined to change the terms of its offer to Rite Aid shareholders in the face of mounting opposition from shareholder advisory services and major

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

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