Rite Aid Corporation (NYSE: RAD) announced today that Frank Ho,
currently senior director of indirect procurement, has been promoted to
vice president of indirect procurement.
In this position, Ho will oversee the Company’s procurement strategy and
all related operations, including systems, supplier and contract
management. Ho will report to Frank Vitrano, Rite Aid senior executive
vice president and chief administrative officer.
“A valued member of Rite Aid’s indirect procurement group for nearly
seven years, Frank understands the importance of strategic sourcing,”
said Vitrano. “His knowledge of the Company paired with his purchasing
expertise will help Rite Aid meet its long-term cost management goals
and we look forward to realizing the additional positive contributions
from Frank and the entire indirect procurement team.”
Ho is an indirect procurement and purchasing professional with 15 years
of experience. Before joining Rite Aid, Ho served as a sourcing and
procurement consultant with Accenture, and held various procurement
roles at American Express. Ho joined Rite Aid in 2008 as senior manager
of indirect procurement before being promoted to his current role in
2013, where he was responsible for maintaining and enhancing the
Company’s non-merchandise spend management processes.
Ho received a bachelor’s degree in mathematics from New York University;
a bachelor’s degree in engineering from Stevens Institute of Technology
in Hoboken, N.J.; and a master’s of business administration degree from
Columbia University.
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 2015 annual revenues of $26.5 billion. Information about Rite
Aid, including corporate background and press releases, is available
through the company's website at www.riteaid.com.
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