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Rite Aid Corporation (RAD)

NYSE - Nasdaq Real-time price. Currency in USD
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7.01-0.07 (-0.99%)
At close: 04:00PM EDT
7.01 0.00 (0.00%)
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Rite Aid Corporation

1200 Intrepid Avenue
Second Floor
Philadelphia, PA
United States

https://www.riteaid.com

Sector(s)Healthcare
IndustryPharmaceutical Retailers
Full-time employees53,000

Key executives

NameTitlePayExercisedYear born
Ms. Heyward Rutledge Donigan B.A.Pres, CEO & Director3.36M882.61k1961
Mr. Matthew C. SchroederCFO & Exec. VP1.66MN/A1970
Mr. Paul D. GilbertExec. VP, Gen. Counsel & Corp. Sec.1.05MN/A1967
Mr. Brian T. HooverChief Accounting Officer & Sr. VPN/AN/A1965
Mr. Justin L. MennenExec. VP and Chief Technology & Digital OfficerN/AN/A1981
Byron PurcellVP of Investor Relations & TreasurerN/AN/AN/A
Joy Errico SeusingSr. VP & Chief Communications OfficerN/AN/AN/A
Mr. Frank G. VitranoChief Strategic Bus. Devel. OfficerN/AN/A1955
Ms. Jessica KazmaierExec. VP & Chief HR OfficerN/AN/A1978
Mr. Christopher S. HallSr. VP of Pharmacy ServicesN/AN/A1965
Amounts are as of 31 December 2022, 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 general 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. In addition, this segment offers healthcare coaching and disease management services to health plans and employers. 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. As of February 26, 2022, the company operated 2,450 retail pharmacy locations in 17 states. Rite Aid Corporation was founded in 1962 and is headquartered in Philadelphia, Pennsylvania.

Corporate governance

Rite Aid Corporation’s ISS governance QualityScore as of 1 September 2022 is 1. The pillar scores are Audit: 1; Board: 2; Shareholder rights: 1; Compensation: 4.

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.