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Thursday, January 17, 2008

Mary Sammons, now president and ceo that pulled the drug chain back from the brink of bankruptcy


In just four years since joining Rite Aid, Mary Sammons, now president and ceo, has spearheaded a turnaround that pulled the drug chain back from the brink of bankruptcy, returned it to profitability and is now looking to grow based on a strong foundation of improved corporate culture and front-end operations nearly unparalleled in the industry. Not bad for a woman who graduated with a degree in French and holds a secondary-level teaching certificate.Sammons is a merchant in the truest sense of the word. Working her way up through the ranks--first at Fred Meyer and then taking the reins at Rite Aid as president and coo in 1999. In 26 years at Fred Meyer, Sammons held positions of increasing responsibility in all areas of operations and merchandising before becoming ceo of that company. She is also chairman of the National Association of Chain Drug Stores, the chain drugstore industry's trade association.

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