Rite-Aid: Ken Martindale (President and CEO)
Ken Martindale is checking out as President and CEO of Rite Aid, the fortune 500 drugstore chain. Ken joined in 2008 and moved his way up the aisle to become CEO in August 2015. Martindale’s career ran hotter than your kids fever on exam day working in massive companies like Fred Meyer Inc., a $15 billion superstore chain, and Pathmark Stores Inc., a $4 billion supermarket chain across the east coast. Included in Martindale’s list of achievements, are navigating Rite-Aid through a potential merger with Walgreens resulting in 2,186 stores being sold for $5.2 billion. Martindale led the company transformation that included refiguring the store format to focus on wellness, and healing its loyalty program to increase same-store sales. Martindale had all the essentials, including deep retail experience and strong leadership skills that enabled him to lead the company to success. Ken is leaving Rite-Aid to be CEO of, and add muscle to, quasi-competitor, GNC, a commercial enterprise chain focused on wellness and nutrition. Rite-Aid turns to 2-year company veteran Bryan Everett to fill Ken’s shoes as the CEO takes his receipt and exits the store. With recent CVS acquisition of Aetna, Rite-Aid will miss the experienced leadership of Martindale to keep the company from atrophying.