Rite Aid Corp. (RAD) Friday said its Board has elected President, CEO John Standley as Chairman of the Board, effective June 21. Standley will succeed Mary Sammons, who has served as Chairman since June, 2007, and whose term of service as Chairman, concludes as of the June annual meeting.
Sammons said, "With the Company's strong progress under John's leadership, the Board believes the time is right to recombine the roles of Chairman and CEO and that this unified structure will provide decisive and effective leadership both within and outside the company."
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.