Rite Aid’s CEO is out as organization cleans house

Rite Aid is shaking up its leadership ranks and slashing 400 jobs as the organization battles to adjust to changes in the retail and pharmacy industries. The drug store chain said Tuesday that it will supplant three top executives, including CEO John Standley, who has driven Rite Aid since 2010, just as the organization’s chief financial and operating officers. Standley will remain CEO until Rite Aid delegates a successor. Rite Aid additionally said it would eliminate with around 400 full-time corporate jobs, or 20% of the situations at the organization’s…

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