Rite Aid adds 2 to its board

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Rite Aid adds 2 to its board

By David Salazar - 04/18/2019
Rite Aid is bringing new additions onto its board of directors. The company this week announced the appointment of Elizabeth “Busy” Burr and Katherine Quinn to the board. They mark the fourth and fifth independent directors added to the nine-person board in the past year.

Burr most recently was chief innovation officer and vice president of healthcare trend and innovation at Humana, and Quinn currently serves as vice chairman and chief administrative officer of U.S. Bancorp.

Prior to her role at Humana, Burr held senior roles at Citi Ventures, Morgan Stanley, Credit Suisse First Boston and Gap. Her experience includes finance, marketing, customer experience and digital transformation across the health care, digital health, financial services, technology and retail industries.

Quinn has been at U.S. Bancorp since 2017, overseeing its human resources, strategy and corporate affairs. Her experience encompasses f corporate strategy development, marketing and brand transformation. She previously has held leadership roles at Anthem, The Hartford and Cigna.

"We are pleased to welcome Busy and Kate to the Rite Aid Board. Their appointment further demonstrates our commitment to enhance the quality of our Board with additional relevant experience and expertise to guide Rite Aid into the future," said Bruce Bodaken, Rite Aid chairman. "Their fresh perspectives, valuable expertise in marketing and consumer brands, and health care industry experience will contribute to the development and implementation of our strategy to better position Rite Aid in the creation of long-term value for stockholders."

The company also noted the retirement of Joseph Anderson, Jr., and Michael Regan, effective immediately.

“We are very grateful for Joe and Mike's contributions to Rite Aid during their tenure on our board,” Bodaken said. “Their vision and guidance have been tremendously valuable and we deeply appreciate their service.”