Rite Aid names Heyward Donigan as new CEO

In line with a leadership shakeup earlier this year, Rite Aid Corp. has hired health care executive Heyward Donigan as CEO, replacing John Standley, who is leaving the company. Rite Aid said Monday that Donigan takes the helm as CEO effective immediately. She also joins the board of directors. The [...]

2019-08-13T16:43:41+00:00August 13th, 2019|Tags: |

Rite Aid slashes 400 corporate jobs

Rite Aid on Tuesday announced it's cutting about 400 full-time positions, or more than 20% of the corporate positions at its "headquarters and across the field organization," according to a company press release. The drugstore retailer also announced several changes in top management, starting with John Standley stepping down as chief [...]

2019-03-18T16:25:24+00:00March 18th, 2019|Tags: |

How Albertsons Paves A Path For Amazon To Buy Express Scripts

Albertsons and Rite Aid both fill prescriptions, so it makes sense the grocery store chain that also owns pharmacies would be interested in buying a drugstore operator. But Albertsons is also an employer with 280,000 employees from supermarkets that use a Rite Aid-owned pharmacy benefit manager (PBM) for worker prescription [...]

2018-02-26T18:04:16+00:00February 26th, 2018|Tags: , , , |

Walgreens pulls the plug on Rite Aid deal

From the beginning, starting in October 2015 when the merger plan was first announced, Walgreens Boots Alliance CEO Stefano Pessina has been adamant about making the deal happen, and the companies have been sweetening the pot in recent months to move along the process. Speaking to analysts in January, Pessina said [...]

2017-06-29T16:37:16+00:00June 29th, 2017|Tags: , |