Rite Aid Corporation
) recently announced management changes as per which, it named
Dedra N. Castle as the new Executive Vice President and Chief
Human Resources Officer.
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Castle, with a bachelor of business administration degree from
National University in San Diego, possesses 19 years of tangible
experience in human resource management. Donning this new mantle,
she will take full charge of human resources, including talent
management, benefits and compensations, recruitment, developments
and diversifications, training and labor relations.
Prior to this, Castle served the Sam's Club Division of
Wal-Mart Stores Inc.
), where she was responsible for corporate human resource
functions, apart from being the Chief Inclusion and Diversity
Officer. Simultaneously, Castle was serving as the vice president
of Sam's Club's People Division, administering field human
resources at roughly 600 Sam's Club outlets in the country.
Prior to Sam's Club, Castle held several senior human resources
positions, including Auto Zone Stores Inc., Winn-Dixie Stores
Inc. etc. In the early days of her career, she was hired by the
Department of Defense for handling the civil service employment
Castle, who is an able leader with profound experience in the
field of human resources, is a valuable asset for Rite-Aid, which
harbors approximately 90,000 associates. With her leadership
skills and knowledge, she is likely to help the company achieve
its long-term goals.
Rite Aid, holding a Zacks Rank #2 (Buy), is the third largest
drugstore retailer in terms of number of stores after
CVS Caremark Corp.
). Its focus on long-term growth is evident from the recent news
of the expansion of its distribution agreement with McKesson
Corporation (MCK), for both brand and generic pharmaceuticals,
which will allow both the companies to mutually benefit from each
As per the terms of the expanded agreement, McKesson will be
responsible for sourcing and distribution of generic
pharmaceuticals for Rite Aid as a part of its proprietary One
Stop Generics program. On the other hand, Rite Aid stores will
benefit from McKesson's daily direct-to-store delivery service
model for brand and generic pharmaceutical products.
Looking ahead, Rite-Aid's sustained focus on expanding pharmacy
and clinical services through its Wellness+customer loyalty
program and remodeling of wellness stores raise our hopes. We
believe that such measures will enable the company to broaden its
customer base and boost top and bottom-line performance.