Rite Aid shook up its C-suite, eliminating its chief operating officer position to consolidate pharmacy management and “streamline operations'
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operations,” Rite Aid said Tuesday, March 8, 2022 The Rite Aid logo is displayed on the exterior of a Rite Aid pharmacy on September 26, 2019 in San Rafael, California. Rite Aid shook up its C-suite, eliminating the chief operating officer and top pharmacy executive to cut costs and “remove layers” of management.to “realign its management team and streamline the company’s operations” by eliminating the Chief Operating Officer position and consolidation of its pharmacy leadership.
On Tuesday, Rite Aid, which has struggled in recent years to compete with larger rivals Walgreens, CVS Health and Walmart pharmacies, said several other executives will take on the roles of the departing executives. “The