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Rite Aid announces Heyward Donigan exit, appointment of interim CEO

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Rite Aid experienced a leadership shakeup as the pharmacy chain on Monday announced CEO Heyward Donigan’s exit and the appointment of an interim chief executive.

In a press release, the company revealed it had picked Elizabeth “Busy” Burr to replace Donigan on an interim basis, with her tenure starting effective immediately. Rite Aid has started looking for someone to take over as CEO permanently, hiring a “leading executive search firm” as part of those efforts, it also said.

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Burr, a Rite Aid board member since 2019, previously held the title of chief commercial officer for about two years at digital health care company Carrot Inc. In the past, she has served in positions at Humana, Citi Ventures and Credit Suisse First Boston, among others, according to Rite Aid.

“We are fortunate to have someone of her caliber to step into the role and are confident in Busy’s ability to lead the Company forward during this transition period,” Rite Aid Chairman Bruce Bodaken said in a statement. 

Bodaken also expressed gratitude toward Donigan “particularly for her efforts in helping to lead Rite Aid throughout the Covid-19…

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