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Rite Aid names Heyward Donigan CEO, to succeed John Standley

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Rite Aid Corp. said Monday it named Heyward Donigan as its chief executive officer, effective immediately. The drugstore chain said Donigan replaces John Standley, who steps down as planned after nine years in the role. Donigan was most recently CEO of Sapphire Digital, which develops omnichannel platforms that help consumers choose their best healthcare providers. "Over the past several months the Rite Aid Board conducted a thorough search, and Heyward's strong senior executive experience, proven leadership capabilities and consistent track record of driving profitable growth, as well as her broad healthcare knowledge and digital shopping technology expertise set her apart," said Chairman Bruce Bodaken. The stock, which was still inactive in premarket trading, has tumbled 49.2% year to date, while the S&P 500 has climbed 16.4%.

 

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Rite Aid Names Heyward Donigan as CEORite Aid appointed Heyward Donigan as chief executive, saying her experience leading health-care companies would help the pharmacy chain confront competition that has hurt sales and prompted job cuts. Do something, anything. There is nothing she can do without jobs cut, close some stores and join to the 21 century: ecommerce. Check in next week when they cut 1500 jobs.
Source: WSJ - 🏆 98. / 63 Read more »

Rite Aid Names Heyward Donigan as CEORite Aid appointed Heyward Donigan as chief executive, saying her experience leading health-care companies would help the pharmacy chain confront competition that has hurt sales and prompted job cuts. Do something, anything. There is nothing she can do without jobs cut, close some stores and join to the 21 century: ecommerce. Check in next week when they cut 1500 jobs.
Source: WSJ - 🏆 98. / 63 Read more »