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Bob Miller

Albertsons-Rite Aid merger deal seen as a ‘win-win’

Albertsons-Rite Aid merger deal seen as a ‘win-win’

CAMP HILL, Pa. — The merger of Albertsons Cos. and Rite Aid Corp. will create a “truly differentiated” player in the food, health and wellness space, John Standley, chairman and chief executive officer of Rite Aid, said when the deal was announced late last month. The proposed merger will transform Rite Aid through the addition

Donald joins Albertsons as president, COO

BOISE, Idaho — Albertsons Cos. has tapped retail veteran Jim Donald, former president and chief executive officer of Starbucks Corp., to serve as its new president and chief operating officer. In his new role, Donald will have responsibility for the operations of the retailer’s more than 2,300 stores and will help drive the growth of

More Rite Aid stores transferred to Walgreens

More Rite Aid stores transferred to Walgreens

CAMP HILL, Pa. — Rite Aid Corp. is winding down its asset sale to Walgreens Boots Alliance (WBA) with the ownership transfer of 537 more stores. Rite Aid said Tuesday that as of March 2, it has transferred 1,651 stores and related assets to WBA for cash proceeds of $3.6 billion. The process has progressed

Albertsons-Rite Aid to create wellness powerhouse

Albertsons-Rite Aid to create wellness powerhouse

CAMP HILL, Pa. — The Albertsons Cos. merger with Rite Aid Corp. will create a “truly differentiated” player in the food, health and wellness space, John Standley, chairman and chief executive officer of Rite Aid, said in an interview with Chain Drug Review. The Albertsons-Rite Aid merger deal, announced Tuesday, will transform Rite Aid through

Albertsons Cos., Rite Aid to merge

Albertsons Cos., Rite Aid to merge

BOISE, Idaho, and CAMP HILL, Pa. — Albertsons Cos. plans to merge with Rite Aid Corp. in a deal that will take the supermarket retailer public. Albertsons Cos. and Rite Aid said Tuesday that the combined company will generate pro forma revenue of about $83 billion and operate about 4,900 stores, 4,350 pharmacy locations and

Morris is taking on a bigger role at Albertsons

BOISE, Idaho — Albertsons Cos. president and chief operating officer Wayne Denningham plans to retire near the end of the company’s fiscal year. Denningham was with the company more than 40 years, having started working as a clerk as a teenager. The company has named Susan Morris executive vice president and chief operations officer, overseeing

Albertsons Cos. COO Wayne Denningham to retire

Albertsons Cos. COO Wayne Denningham to retire

BOISE, Idaho — Wayne Denningham, president and chief operating officer of Albertsons Cos., plans to retire near the end of the company’s fiscal year. Wayne Denningham Albertsons also said Tuesday that it has named Susan Morris as executive vice president and chief operations officer. She will oversee the food and drug retailer’s supply chain, manufacturing and

Albertsons tabs Turner as vice chairman

BOISE, Idaho — Albertsons Cos. has appointed former Sam’s Club chief executive officer Kevin Turner to serve as vice chairman of the board of managers at its direct parent company, AB Acquisition LLC. Turner will also serve as senior advisor to Albertsons chairman and chief executive officer Bob Miller. Turner brings extensive retail and technology

Albertsons strengthens management team

BOISE, Idaho — Albertsons Cos. has announced a number of promotions, including that of Wayne Denningham to the new role of president and chief operating officer. He had been executive vice president and COO. Bob Miller remains chairman and chief executive officer, a role he has held since April 2015. The company also named Geoff

The leaders are there; who will stand out in chain drug?

The leaders are there; who will stand out in chain drug?

Going into the new year, several key personnel questions await answers, foremost among them the age-old problem of determining who, in 2017, will emerge as the most influential senior staffers at America’s drug chains. The determination is made more difficult by the fact that, as of this writing, Walgreens’ acquisition of Rite Aid remains unresolved.

Albertsons, McKesson expand deal

SAN FRANCISCO and BOISE, Idaho — McKesson Corp. and Albertsons Cos. announced the signing of a five-year distribution agreement to include the sourcing and distribution of both branded and generic ­pharmaceuticals. As part of the agreement, which goes into effect April 1, 2016, Albertsons’ network of nearly 1,700 pharmacies will benefit from McKesson’s proprietary OneStop

Albertsons expands Rx distribution with McKesson

Albertsons expands Rx distribution with McKesson

SAN FRANCISCO and BOISE, Idaho — Food and drug retailer Albertsons has signed a five-year distribution pact for the sourcing and distribution of branded and generic drugs with McKesson Corp. The companies said late Tuesday that the pharmaceutical distribution agreement will go into effect on April 1, 2016. Boise-based Albertsons operates about 1,700 pharmacies in

Albertsons taps Panzer to lead health business

Albertsons taps Panzer to lead health business

BOISE, Idaho — Mark Panzer has been named senior vice president of pharmacy, health and wellness at Albertsons LLC. Between Albertsons and Safeway stores, the company has 1,760 pharmacies in 34 states. Panzer, who had been president and chief executive officer of Pharmaca Integrative Pharmacy Inc., replaces Darren Singer, who has left ­Albertsons. The appointment