Rite Aid Corporation (0A6H.L)

0.1300 0.0000 (0.00%) At close: 06:55PM BST

Rite Aid Corporation

1200 Intrepid Avenue
Second Floor
Philadelphia, PA
United States

https://www.riteaid.com

Sector(s): 
Industry: 
Full-time employees: 47,000

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Matthew C. Schroeder	CFO & Executive VP	822.52k	N/A	1970
Mr. Jeffrey Scott Stein	CEO & Chief Restructuring Officer	N/A	N/A	1969
Mr. Steven K. Bixler	Chief Accounting Officer & Senior VP	N/A	N/A	1979
Byron Purcell	Vice President of Investor Relations & Treasurer	N/A	N/A	N/A
Mr. Thomas J. Sabatino Jr.	Executive VP & Chief Legal Officer	N/A	N/A	1959
Joy Errico Seusing	Senior VP & Chief Communications Officer	N/A	N/A	N/A
Ms. Jeanniey Walden	Senior VP & CMO	N/A	N/A	N/A
Ms. Jessica Kazmaier	Executive VP, Chief Human Resources Officer & Chief of Staff to the CEO	N/A	N/A	1975
Ms. Karen Lesley Staniforth	Senior VP of Clinical Pharmacy Services & Chief Pharmacy Officer	N/A	N/A	1961
Ms. Angele Robinson-Gaylord	Senior Vice President of Store Development	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and provides various other pharmacy services and an assortment of products comprising over-the-counter medications, health and beauty aids, personal care products, seasonal merchandise, cosmetics, household items, food and beverages, greeting cards, seasonal and seasonal merchandise, pet care, and a variety of other everyday and convenience products, as well as brand and generic prescription drugs; and a private brand product line. It also operates retail pharmacies and clinics; and offers healthcare services, including administering immunizations for COVID-19, the flu, shingles, and others; assists its customers with high blood pressure, cholesterol, and diabetes; provides guidance on combating obesity and tobacco addiction; and educates customers on managing medications and potential side effects. The Pharmacy Services segment provides integrated suite of pharmacy benefit management (PBM) offerings, including technology solutions, mail delivery services, specialty pharmacy, network and rebate administration, claims adjudication, and pharmacy discount programs, as well as drug benefits under the federal government's Medicare Part D program and insurance offerings for individuals and groups. This segment serves health plans, commercial employers, labor groups, and state and local governments. In addition, it offers its products through online retail site. Rite Aid Corporation was founded in 1962 and is headquartered in Philadelphia, Pennsylvania. On October 15, 2023, Rite Aid Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of New Jersey.

Corporate governance

Rite Aid Corporation’s ISS governance QualityScore as of 1 May 2024 is 3. The pillar scores are Audit: 4; Board: 6; Shareholder rights: 1; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.