Rite Aid promotes two executives
CAMP HILL, Pa. Rite Aid on Wednesday promoted Robert Thompson to the position of EVP pharmacy. The company also announced that Bill Wolfe has been promoted to SVP managed care and government affairs.
Thompson, 56, will oversee pharmacy operations, pharmacy purchasing, managed care, clinical services, the company’s pharmacy benefit management services and pharmacy business development, as well as government affairs. He reports to John Standley, Rite Aid president and COO.
“[Thompson] has a unique background that combines extensive experience in retail pharmacy and store operations with health care business development,” Standley said. “He’s been a terrific asset to Rite Aid over the past five years, making many valuable contributions to our company. With this promotion, he is now positioned to bring even greater value in this larger role overseeing all aspects of pharmacy.”
Thompson joined Rite Aid in July, 2004 as VP pharmacy business development and most recently served as SVP pharmacy operations.
Starting his chain drug career in 1978 as a practicing pharmacist, Thompson rose through the ranks at the former Revco drugstore chain from 1978 until the company was sold in 1997. He moved up to store manager, district manager, director of store operations and regional director of pharmacy operations before being named VP pharmacy operations for Revco in 1995.
Before joining Rite Aid, Thompson was involved in operations and new business development for several health-care related businesses, including the fourth largest dental practice management company in the U.S. and an international medical equipment manufacturer. He holds a Bachelor of Science degree in Pharmacy from the University of Georgia College of Pharmacy.
Wolfe, 46, with 23 years experience in managed care and pharmacy benefit management, will continue to oversee managed care, the company’s PBM services and government affairs. He reports to Thompson.
“[Wolfe’s] broad-based expertise in the area of managed care has been critical to our success in managing through the challenging and ever changing healthcare environment,” Standley said. “He also has been instrumental in helping us work through recent complex legislative changes.”