Rite Aid Appoints Elizabeth Burr and Katherine Quinn to Board of Directors

Marketing News – MarketingTools365 – Mktg News – Marketing Tools 365 – //// Business Marketing news and Mktg News : Rite Aid Appoints Elizabeth Burr and Katherine Quinn to Board of Directors :

Joseph B. Anderson, Jr. and Michael N. Regan Retire from Board,
Effective Immediately

CAMP HILL, Pa.–(BUSINESS WIRE)–Rite Aid Corporation (NYSE: RAD) today announced that its Board of
Directors has appointed Elizabeth (“Busy”) Burr, who most recently
served as chief innovation officer and vice president of healthcare
trend and innovation at Humana, and Katherine (“Kate”) Quinn, who
currently serves as vice chairman and chief administrative officer of
U.S. Bancorp, to the Rite Aid Board.

The appointment of Burr and Quinn reflects the continuation of Rite
Aid’s commitment to refresh its Board and reinvigorate its corporate
governance practices and policies. With the appointment of Burr and
Quinn, Rite Aid has added five new, independent directors to its
nine-member Board in the past year. Rite Aid also announced that Joseph
B. Anderson, Jr. and Michael N. Regan, have retired from the Board,
effective immediately.

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

Quinn has significant experience in developing corporate strategy,
marketing and transforming brands. Prior to joining U.S. Bancorp, Quinn
held leadership roles at Anthem, The Hartford and CIGNA. The Rite Aid
Board will benefit from Burr and Quinn’s expertise as the company
continues to focus on executing its strategic plan and creating
long-term stockholder value.

“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.”

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

Elizabeth (“Busy”) Burr Biography

Busy Burr most recently served as the chief innovation officer and vice
president of healthcare trend and innovation at Humana where she was
responsible for driving the design, build and adoption of new product
platforms in digital health, provider experience, and telemedicine, to
improve health outcomes, create superior member experiences, and improve
health care costs. She also founded Humana’s strategic investing
practice, Humana Health Ventures. Prior to joining Humana in 2015, Burr
was managing director of Citi Ventures and led large-scale business
transformation efforts as the global head of Citi’s Business Incubation
Function-DesignWorks. Earlier in her career, Burr spent seven years in
investment banking at Morgan Stanley and Credit Suisse First Boston and
previously served as vice president of global brand management at Gap,
Inc. Burr holds an MBA from Stanford University and a bachelor’s degree
in Economics from Smith College. Burr serves on the Boards of Mr. Cooper
Group and Satellite Healthcare and is a member of the Smith College
Business Network Advisory Council.

Katherine (“Kate”) Quinn Biography

Kate Quinn has served as vice chairman and chief administrative officer
of U.S. Bancorp since April 2017 and is responsible for leading human
resources, strategy and corporate affairs at the company. Quinn joined
U.S. Bancorp in 2013 as executive vice president and chief strategy and
reputation officer. Prior to joining U.S. Bancorp, Quinn most recently
served as senior vice president and chief marketing officer at Anthem, a
health benefits company, where she directed the company’s marketing,
customer communications, digital, customer experience and retail
strategies. She previously served as Anthem’s vice president of
corporate marketing. Earlier in her career, Quinn served as chief
marketing and strategy officer at a division of The Hartford, following
leadership roles in strategy and product development at CIGNA and
PacifiCare Health Systems, respectively. Quinn earned an MBA from
University of Phoenix and a bachelor’s degree from Hunter College. In
addition to her role at U.S. Bancorp, Quinn presently serves as a member
of the Board of Trustees for both Minnesota Public Radio, and Fraser, a
non-profit organization serving children and adults with special needs.

About Rite Aid Corporation

Rite Aid Corporation is one of the nation’s leading drugstore chains
with fiscal 2019 annual revenues of $21.6 billion. Information about
Rite Aid, including corporate background and press releases, is
available through the company’s website at www.riteaid.com.

Contacts

INVESTORS:
Byron Purcell
(717) 975-5809

MEDIA:
Susan Henderson
(717) 730-7766

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