March 13 (UPI) -- Rite Aid plans to eliminate hundreds of jobs in a restructuring plan that will also replace its CEO and several key positions, the pharmacy chain said.
CEO John Standley is leaving but will remain in the post until his replacement is made, Rite Aid said in a statement Tuesday. Chief Operating Officer Kermit Crawford is also leaving immediately, as are Chief Financial Officer Darren Karst and executive Derek Griffith.