Rite Aid replaces CEO as part of larger corporate restructuring
Rite Aid has named Heyward Donigan as Chief Executive Officer and member of the board. The appointment comes as part of a larger restructuring to "better align its structure with the Company’s operations and to reduce costs" announced earlier this year. As planned, John Standley will step down from his role as chief executive officer in connection with this announcement.
In a statment, Rite Aid's Chairman Bruce Bodaken said: “Today's announcement is an important step in positioning Rite Aid for the future, and we are confident that Heyward is the right person to lead the company in capitalizing on the opportunities in the evolving healthcare environment. Over the past several months the Rite Aid Board conducted a thorough search, and Heyward’s strong senior executive experience, proven leadership capabilities and consistent track record of driving profitable growth, as well as her broad healthcare knowledge and digital shopping technology expertise set her apart."
Heyward Donigan is a recognized leader with 30 years of experience in all aspects of the healthcare industry. Most recently, Donigan served as the president and chief executive officer of Sapphire Digital (formerly Vitals), which designs and develops omnichannel platforms that help consumers choose their best fit healthcare providers.
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