Rite Aid Corp. has promoted Ken Martindale to the position of president and COO, the company announced. He was senior executive vp and COO.
Although he is relinquishing the president’s position, John Standley continues as Rite Aid chairman and CEO. As previously, Martindale reports to Standley.
Before joining Rite Aid as senior executive vp of merchandising, marketing and logistics in December 2008, Martindale served as co-president, chief merchandising and marketing officer for Pathmark Stores, Inc., a regional supermarket chain purchased by the Great Atlantic & Pacific Tea Co. in 2007.
Martindale began his retail career in 1975 with Smith’s Food and Drug Centers, a West Coast regional combination store chain, where he rose to senior vp/marketing and senior vp/sales and merchandising. He joined upscale supercenter operator Fred Meyer, Inc. after it bought Smith’s in January 1998. There, he served as executive vp/sales and procurement until September 1999, when it merged with the Kroger Co. In addition, Martindale founded and operated Orchard Street, Inc., a food retailer in Salt Lake City.
“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. “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.”
Beside his corporate duties, Martindale is president of The Rite Aid Foundation and serves on the National Association of Chain Drug Stores board of directors.