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Rite Aid CEO to Leave in Shake-Up; Company to Shed 400 Corporate Jobs

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Rite Aid said its chief executive, finance chief and operating chief plan to leave the firm as part of a wide-reaching restructuring plan that will also eliminate about 400 full-time jobs

Chief Executive John Standley will leave Rite Aid once a new CEO is appointed, the pharmacy chain said Tuesday.

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In spate of CVS, Walgreens acquisitions and on-line pharmacy, Rite Aid is lost.

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