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Rite Aid Corporation (RAD)


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3.67-0.03 (-0.81%)
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Rite Aid Corporation

30 Hunter Lane
Camp Hill, PA 17011
United States
717-761-2633
http://www.riteaid.com

SectorServices
IndustryDrug Stores
Full Time Employees52,160

Key Executives

NameTitlePayExercisedAge
Mr. John T. StandleyChairman and Chief Exec. Officer6.16MN/A54
Mr. Kenneth A. MartindalePres and Chief Exec. Officer of Rite Aid Stores3.78MN/A57
Mr. Darren W. KarstChief Financial Officer, Chief Admin. Officer and Sr. Exec. VP1.99MN/A57
Mr. Frank G. VitranoChief Strategic Bus. Devel. Officer2.96MN/A62
Mr. Enio Anthony Montini Jr.Exec. VP of Merchandising and Distribution1.24M1.27M64
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is 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 Retail Pharmacy and Pharmacy Services segments. The Retail Pharmacy segment sells prescription drugs; and a range of other merchandise, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products. This segment also operates retail clinics that provide treatment for common conditions; and a range of preventive services, including screenings, medical tests, immunizations, and basic physical exams. In addition, this segment provides healthcare coaching and disease management services. The Pharmacy Services Segment provides pharmacy benefit management (PBM) services and a range of pharmacy-related services. This segment also performs prescription adjudication services for other PBMs; offers integrated mail-order and specialty and compounding pharmacy services; and provides infertility treatment, as well as drug benefits under the federal government's Medicare Part D program. Rite Aid Corporation has a strategic alliance with GNC. As of March 4, 2017, the company operated 4,536 stores in 31 states of the United States and in the District of Columbia. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.

Corporate Governance

Rite Aid Corporation’s ISS Governance QualityScore as of May 1, 2017 is 2. The pillar scores are Audit: 2; Board: 6; Shareholder Rights: 2; 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 a 10 indicates higher governance risk.