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Darren Karst

Rite Aid names Mennen senior VP and CIO

Rite Aid names Mennen senior VP and CIO

CAMP HILL, Pa. — Rite Aid Corp. announced today that Justin Mennen, a seasoned technology and digital leader with more than 20 years of technology leadership experience, has been named Rite Aid’s senior vice president and chief information officer. In this position, Mennen will be responsible for all aspects of the company’s technology and information

Effort to build ‘new Rite Aid’ under way

Effort to build ‘new Rite Aid’ under way

CAMP HILL, Pa. — There’s a “new Rite Aid” taking shape that executives say will emerge as a smaller but stronger company. Rite Aid Corp. president and chief operating officer Kermit Crawford said he’s confident the company “will succeed in building the new Rite Aid” following its $4.375 billion asset sale to Walgreens Boots Alliance

Rite Aid promotes financial executive

Rite Aid promotes financial executive

CAMP HILL, Pa. — Matt Schroeder has been promoted to senior vice president, chief accounting officer and treasurer at Rite Aid Corp. Rite Aid said Thursday that Schroeder, previously group vice president of strategy, investor relations and treasurer, takes over chief accounting officer duties from Doug Donley, who is retiring after more than 20 years

Rite Aid expands Karst’s role

CAMP HILL, Pa. — Darren Karst has been promoted to the combined role of senior executive vice president, chief financial officer and chief administrative officer at Rite Aid Corp. Karst, who joined Rite Aid in August 2014 as the company’s executive vice president and chief financial officer, is assuming the chief administrative officer responsibilities currently

CFO Karst promoted at Rite Aid

CFO Karst promoted at Rite Aid

CAMP HILL, Pa. — Rite Aid Corp. chief financial officer Darren Karst has been promoted to senior executive vice president and added the title of chief administrative officer. Rite Aid said late Wednesday that the appointment is effective immediately. Karst previously was executive vice president and CFO. Karst takes over the chief administrative officer post

New structure reflects transformation of Rite Aid

New structure reflects transformation of Rite Aid

CAMP HILL, Pa. — A new chapter opened for Rite Aid Corp. in its fiscal 2016 second quarter, as the company began reporting financial results under a new structure that incorporates recently acquired pharmacy benefit manager (PBM) EnvisionRx. Going forward, Rite Aid will report results in two business segments: retail pharmacy (including Rite Aid drug

Rite Aid fine-tunes outlook for current fiscal year

CAMP HILL, Pa. — Rite Aid Corp. trimmed its full-year earnings guidance to reflect pharmacy margin pressure and lower expectations for same-store sales. The company also pruned its revenue forecast. “Our guidance reflects our expectations for continued reimbursement rate pressure and the benefits from the McKesson purchasing agreement, as well as the anticipated benefits of