March 12, 2019 / 9:19 PM / 3 months ago

Rite-Aid says CEO to step down, cuts about 400 corporate jobs

March 12 (Reuters) - Drug store chain Rite-Aid Corp’s chief executive officer, John Standley, will step down from the post and the company will reduce about 400 corporate positions as part of a restructuring.

The company said Standley would remain as the CEO until the appointment of his successor. (Reporting by Soundarya J in Bengaluru)

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