Ken Martindale Assumes Newly Created Position of CEO of Rite Aid Stores

Martindale Will Continue to Report to Rite Aid Chairman and CEO John Standley

Other Executive Management Appointments Announced to Help Drive Growth and Operational Efficiencies

CAMP HILL, Pa.--()--Rite Aid Corporation (NYSE:RAD) has announced that Ken Martindale, who is currently president and chief operating officer, has been promoted to the newly created position of CEO of Rite Aid stores, effective immediately. Martindale, 55, will continue to report to John Standley, Rite Aid’s chairman and CEO, and will retain his role as president of Rite Aid Corporation.

“Ken is a proven leader who, since joining our company in 2008, has played an instrumental role in driving Rite Aid’s improved business performance,” Standley said. “We look forward to further leveraging Ken’s strong leadership skills and broad understanding of Rite Aid’s business to help us continue our momentum and successfully grow our business.”

“In addition to my ongoing responsibilities and duties as chairman and CEO of Rite Aid, Ken’s promotion will allow me to also focus on working closely with our new healthcare-focused management teams at EnvisionRx, RediClinic and Health Dialog to further accelerate our growth by implementing initiatives that deliver value to our customers and help us provide greater access to convenient, affordable and high-quality healthcare,” Standley added.

Frank Sheehy, the CEO of EnvisionRx and Web Golinkin, the CEO of RediClinic and Health Dialog, will report to Standley.

In order to help Rite Aid further drive growth and efficiencies, the company has also announced the following executive management appointments, reporting to Martindale:

Jocelyn Konrad, currently group vice president of pharmacy services, has been promoted to executive vice president of pharmacy, succeeding Robert Thompson, who has announced his retirement effective Sept. 18, after a 38-year career in pharmacy, including 11 years with Rite Aid serving in a variety of senior management positions.

David Abelman, currently senior vice president of brand development and innovation, will assume the newly created role of executive vice president of marketing. John Learish, senior vice president of marketing, will continue to manage Rite Aid’s retail drug store marketing team and will report to Abelman.

Tony Montini, currently executive vice president of merchandising, will become executive vice president of merchandising and distribution. Wilson Lester, senior vice president of supply chain, will continue to manage Rite Aid’s distribution network and will report to Montini.

Rite Aid Corporation is one of the nation's leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2015 annual revenues of $26.5 billion. Information about Rite Aid, including corporate background and press releases, is available through the company's website at www.riteaid.com.

Contacts

Rite Aid Corporation
INVESTORS:
Matt Schroeder, 717-214-8867
or investor@riteaid.com
or
MEDIA:
Susan Henderson, 717-730-7766

Contacts

Rite Aid Corporation
INVESTORS:
Matt Schroeder, 717-214-8867
or investor@riteaid.com
or
MEDIA:
Susan Henderson, 717-730-7766