CAMP HILL, Pa. — Rite Aid said Monday that its board of directors has promoted supermarket veteran Ken Martindale, who is currently senior executive vice president and chief operating officer, to president and chief operating officer, effective immediately.
John Standley will continue as Rite Aid’s chairman and chief executive officer.
"Since becoming our chief operating officer in 2010, Ken has continued to play a significant role in helping the company improve its overall performance and return to profitability," Standley said in a statement. “Ken's appointment as president and chief operating officer is an opportunity for Rite Aid to further leverage his exceptional leadership skills, broad operating experience and strategic capabilities as we continue to focus on successfully growing our business."
Read more: Rite Aid Q3 Marks 1st Profit Since FY ’08
Martindale has more than 35 years of retail operations, marketing and merchandising experience. Before joining Rite Aid as senior executive vice president of merchandising, marketing and logistics in December 2008, he was co-president and chief merchandising and marketing officer for Pathmark. Martindale started his retail career in 1975 with Smith's Food and Drug Centers, and in January 1998, he joined Fred Meyer after it bought Smith's. He was executive vice president, sales and procurement, for Fred Meyer until 1999.
Martindale also founded and operated Orchard Street Inc., a food retailer in Salt Lake City; consulted for national and regional food retailers on category management, marketing and strategic planning; and was president, CEO and chairman of Intesource, a software company designed to help food and drug retail, wholesale and manufacturing clients with procurement.
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