Rite Aid said on Tuesday that its CEO will be stepping down and it will be eliminating about 400 corporate jobs.
said on Tuesday that its CEO will be stepping down and it will be eliminating about 400 corporate jobs.
John Standley, CEO since 2010, will remain in the post until the appointment of his successor, the company said. Camp Hill, Pennsylvania-based Rite Aid said the layoffs will affect more than 20 percent of corporate positions located at the company's headquarters and across field operations. It also said Chief Financial Officer Darren Karst and Chief Operating Officer Kermit Crawford would also leave the company.
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