RAD - Rite Aid realigns management team

Rite Aid (NYSE:RAD) has realigned its management team to streamline its operations. The move will see the elimination of the Rite Aid Chief Operating Officer (COO) position and consolidation of its pharmacy leadership. As a result, COO Jim Peters and Jocelyn Konrad, EVP and Chief Pharmacy Officer, have left the company. On the other hand, Karen Staniforth - SVP, Clinical Pharmacy Services - will assume the role of Chief Pharmacy Officer in addition to her current responsibilities. The Chief Pharmacy Officer role will be focused specifically on centralized pharmacy operations going forward. Andre Persaud, EVP and Chief Retail Officer, will take over field operations for pharmacy as well as oversight of front-end operations. Additionally, Justin Mennen, EVP and CIO, will expand his responsibilities to include leadership of all digital and ecommerce and his new title is Chief Digital and Technology Officer.

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Rite Aid realigns management team