- Rite Aid finishes tough fiscal year, but Q4 shows improvements
- Rite Aid posts $118.1 million profit for fiscal year 2013
- Report: Amazon tests public delivery lockers in Seattle, New York retailers
- Rite Aid opens 'next generation' Wellness store, reports September sales
- Rite Aid’s new loyalty program a major bright spot in tough Q3
CAMP HILL, Pa. — A partner with a private equity firm that purchased preferred stock from Rite Aid in 1999 has joined the retail pharmacy chain’s board.
Rite Aid said Thursday that John Baumer, a partner with Leonard Green & Partners, had joined the board, replacing Jon Sokoloff, the firm’s managing partner, who has resigned from the board.
Leonard Green & Partners is an affiliate of Green Equity Investors III, which said it will re-elect Baumer for a one-year term at Rite Aid’s annual stockholder’s meeting on June 23.