Rite Aid Corporation (NYSE: RAD) announced today that David Abelman, a
retail veteran with more than 25 years’ experience, is joining Rite Aid
as senior vice president of brand development and innovation. His
appointment is effective immediately.
In this newly created position, Abelman will be responsible for
overseeing the continued development of Rite Aid brand products as well
as identifying and implementing new innovations to enhance and grow Rite
Aid’s business. He will report to Ken Martindale, Rite Aid’s president
and chief operating officer.
“David is a seasoned retail professional who brings broad-based
marketing, merchandising and entrepreneurial experience to Rite Aid,”
said Martindale. “His proven ability and experience will be a valuable
asset to the company as an integral member of the management team
focused on delivering the best products, service and care to meet our
customers’ unique health and wellness needs.”
Most recently, Abelman was the CEO and co-founder of Self-Health Nation,
a health and wellness omni-channel startup focused on providing
nutritional advice and solutions. Prior to that position, he was
executive vice president and chief merchandising and marketing officer
for A.C. Moore Arts & Crafts, Inc. He has also held senior-level
marketing and merchandising positions with Michaels Stores, Inc., Office
Depot, Inc. and Daymon Worldwide.
Rite Aid Corporation is one of the nation's leading drugstore chains
with nearly 4,600 stores in 31 states and the District of Columbia and
fiscal 2013 annual revenues of $25.4 billion. Information about Rite
Aid, including corporate background and press releases, is available
through the company's website at www.riteaid.com.
Copyright Business Wire 2014