RiteAid CEO Heyward Donigan (InsideArbitrage) Rite Aid is set to elect its second CEO in less than four years, following the departure of President and CEO Heyward Donigan. Burr is expected to serve as interim CEO until a permanent CEO is appointed. On January 7, 2023, Rite Aid Corporation announced that Heyward Donigan, the company’s President and Chief Executive Officer, had stepped down, effective immediately, and that Elizabeth ("Busy") Burr, a member of the company’s Board of Directors, was appointed as the interim CEO. The company has 2,300 retail pharmacy locations across 17 states and also owns Elixir, the pharmacy benefits manager and service provider. Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania that operates through two segments - Retail Pharmacy and Pharmacy Services. We discuss that history, potential rumors, and the risk of bankruptcy later in this article. Rite Aid Corporation is a name that is very familiar to arbitrageurs because of its history of failed mergers. Rite Aid CEO Heyward Donigan's Abrupt Departure Trom informed his intention to retire as Chief Technology Officer effective as of February 1, 2023. ( EML): August (Gus) Vlak, Chief Executive Officer steps down, effective January 23, 2023. CS Disco ( LAW): Keith Zoellner, Executive Vice President, Chief Technology Officer resigned from his position, effective January 20, 2023. Sight Sciences ( SGHT): Jesse Selnick, Chief Financial Officer and Treasurer, stepped down from his positions effective January 9, 2023.Rite Aid Corporation ( RAD): On January 7, 2023, Heyward Donigan, President and Chief Executive Officer, stepped down effective immediately.Mickle resigned from his role as Chief Executive Officer, effective immediately. KemPharm ( KMPH): On January 6, 2023, Travis C.
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