Mary Sammons is going to need more than a Band-Aid to fix Rite Aid. The retail pharmacy chain has logged 11 straight quarters in the red. Luckily, she'll have some help. In June, John Standley takes the CEO post from Sammons, who took over the job in 2003 after joining the company in 1999. She'll remain on as chairman of the board for the next two years.
Rite Aid is showing flickers of health. Sammons recently announced that the chain has refinanced the remainder of its debt from its purchase of the Brooks and Eckerd chains.
This year, Sammons says, the company's top priority is the rollout of its new customer rewards program, "wellness+," as well as expanding health services. She aims to have 6,000 pharmacists trained to give flu vaccines in time for the 2010 flu season.
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