Rite Aid Promotes Ken Martindale To COO
Rite Aid recently promoted Ken Martindale, formerly the company’s Senior Executive Vice President of Merchandising, Marketing and Logistics, to the position of Chief Operating Officer (COO). Martindale assumes the position from John Standley, who was promoted from President and Chief Operating Officer to President and Chief Executive Officer (CEO) on June 23.
A 35-year retail veteran who joined Rite Aid in December 2008, Martindale will continue to report to Standley and will be responsible for all store operations as well as category management, marketing, merchandising and supply chain.
“In a very short time, Ken has had a significant impact on a number of the initiatives we’re implementing to improve our performance and grow profitable sales, including the launch of our wellness+ Rewards Program, the revamping and expansion of our private brand program and our segmentation strategies for low volume stores,” John Standley, President and CEO says. “Add to that his first hand experience in store operations during his extensive retail career, and Rite Aid has a very talented and accomplished new COO.”