Retail News Breaks Archives
Rite Aid's Sammons joins Magellan board
July 26th, 2011
AVON, Conn. – Mary Sammons, chairman at Rite Aid Corp., has been appointed to the board of directors at Magellan Health Services Inc.
The specialty health care management provider said Tuesday that the 64-year-old Sammons, who has chaired Rite Aid's board since June 2007 and served as the pharmacy chain's chief executive officer for seven years, brings broad experience in business as well as health care.
"Mary Sammons is an experienced business leader with significant knowledge of the health care industry, and we are pleased that she is joining our board," Magellan chairman and CEO Rene Lerer said in a statement.
Magellan specializes in managing behavioral health, radiology, specialty pharmaceuticals and public-sector pharmacy benefit programs. Its clients include health plans, employers and government agencies, serving about 31.5 million members in behavioral health, 18.5 million members in radiology benefit management, and 4.9 million members in medical pharmacy management. The company's specialty pharmaceutical segment serves 41 health plans and several pharmaceutical manufacturers and state Medicaid programs, while its Medicaid administration segment serves 25 states and the District of Columbia.
"The health care marketplace is continuing to evolve, and Magellan is positioned to leverage our significant clinical and operational expertise to continue to grow," Lerer stated. "Mary's background in successfully leading major companies through transformation will be invaluable as we look to the challenges and opportunities of the future. She also has deep understanding of the growing trend of patient empowerment, which is a tangible outcome of health care reform and heightens the importance of the retail environment."
Sammons has been a member of Rite Aid's board since December 1999, when she joined the drug store chain as president and chief operating officer. She was named CEO in 2003 and served in that role until June 2010, when she was succeed by John Standley. Brought in as part of a new leadership team in 1999, Sammons accomplished a successful operational turnaround of Rite Aid, including revamping over 3,000 stores, increasing investments in technology to help the company compete more effectively, and rebuilding the retailer's supply chain.
Before joining Rite Aid, Sammons was president and CEO of Fred Meyer Stores, a subsidiary of Kroger Co. She is a board member of the National Association of Chain Drug Stores, a director at StanCorp Financial Group and president of the Rite Aid Foundation.
With the addition of Sammons, Magellan's board expands to nine members.