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Rite Aid Corporation Names John T. Standley As Chairman
Rite Aid Corporation announced that its Board of Directors has elected John T. Standley, who is currently President, Chief Executive Officer (CEO) and a member of the Company’s Board of Directors, to the additional position of Chairman of the Board, effective June 21, 2012 at the Company’s annual stockholder meeting. Standley will succeed Mary Sammons, who has served as Chairman since June, 2007, and whose term of service as Chairman, concludes as of the June annual meeting. Standley returned to Rite Aid in September 2008 as President and COO after leaving in August 2005 to become the Chief Executive Officer (CEO) and a Director of Pathmark Stores, Inc. He originally joined Rite Aid in December 1999 as Executive Vice President and Chief Financial Officer (CFO), part of a new executive management team that also included Sammons.
Latest Developments for Rite Aid Corp
- Rite Aid Corp Issues FY 2014 Guidance; Net Income Guidance Above Analysts' Estimates; Comments On FY 2014 Same Store Sales Guidance
- Rite Aid Corp Narrows FY 2013 Revenue Guidance To A Range Below Analysts' Estimates; Raises FY 2013 Earnings Guidance
- Rite Aid Corp Lowers FY 2013 Revenue Guidance; Reaffirms FY 2013 EBITDA Guidance; Raises FY 2013 Net Loss Guidance
- Rite Aid Corporation Lowers FY 2013 Revenue And Same Store Sales Guidance; Raises Low End Of Prior FY 2013 EBITDA Guidance; Raises High End Of Prior FY 2013 Net Income And EPS Guidance
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