Around the Net
Rite Aid CEO Steps Down Amid Company Turmoil
- Chain Store Age, Tuesday, January 10, 2023 4:26 PM
Heyward Donigan, Rite Aid CEO, president, and board member since August 2019, has stepped down. The pharmacy retailer appointed a board member, Elizabeth (“Busy”) Burr, as interim CEO, effective immediately. "Donigan's departure comes as Rite Aid has struggled to compete with pharmacy rivals CVS Health and Walgreens, both of which have made extensive inroads into the broader field of health care," according to Chain Store Age, which also cited Rite Aid's third-quarter net loss of $67.1 billion.
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