Ken Martindale Appointed President and COO of Rite Aid
CAMP HILL, Pa. -- June 24, 2013
Rite Aid Corporation (NYSE:RAD) announced that its Board of Directors has
promoted Ken Martindale, who is currently senior executive vice president and
chief operating officer, to president and chief operating officer. Rite Aid
Chairman, President and CEO John Standley will continue as the company’s
chairman and chief executive officer.
The promotion of Martindale, 53, who continues to report to Standley, is
“Since becoming our chief operating officer in 2010, Ken has continued to play
a significant role in helping the company improve its overall performance and
return to profitability,” said Standley. Ken’s appointment as president and
chief operating officer is an opportunity for Rite Aid to further leverage his
exceptional leadership skills, broad operating experience and strategic
capabilities as we continue to focus on successfully growing our business.”
Martindale is a retail veteran with more than 35 years of diverse operations,
marketing and merchandising experience. Before joining Rite Aid as senior
executive vice president of merchandising, marketing and logistics in December
2008, he served as co-president, chief merchandising and marketing officer for
Pathmark Stores, Inc., a $4 billion regional supermarket chain with a strong
pharmacy business. He served there until December 2007 when the company was
sold to the Great Atlantic & Pacific Tea Company (A&P).
Martindale started his retail career in 1975 with Smith’s Food and Drug
Centers, a west coast food and drug chain, where he rose from a district
manager in store operations to senior vice president of marketing and senior
vice president of sales and merchandising. In January 1998, he joined Fred
Meyer, Inc., a $15 billion food, drug and general merchandise retailer, after
it bought Smith’s. He served as executive vice president, sales and
procurement, for Fred Meyer until September 1999 after the company’s merger
with the Kroger Company.
During his retail career, Martindale also founded and operated Orchard Street,
Inc., a food retailer in Salt Lake City; consulted for national and regional
food retailers on category management, marketing and strategic planning; and
served as president, CEO and chairman of Intesource, Inc., a software company
designed to help food and drug retail, wholesale and manufacturing clients
Martindale currently is president of The Rite Aid Foundation and serves on the
Board of Directors of the National Association of Chain Drug Stores (NACDS).
Rite Aid Corporation is one of the nation’s leading drugstore chains with more
than 4,600 stores in 31 states and the District of Columbia and fiscal 2013
annual revenues of $25.4 billion. Information about Rite Aid, including
corporate background and press releases, is available through the company’s
website at www.riteaid.com.
Rite Aid Corporation
Matt Schroeder, 717-214-8867
Susan Henderson, 717-730-7766
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