Rite Aid Appoints Elizabeth Burr and Katherine Quinn to Board of Directors
April 15 2019 - 4:15PM
Business Wire
Joseph B. Anderson, Jr. and Michael N. Regan
Retire from Board, Effective Immediately
Rite Aid Corporation (NYSE: RAD) today announced that its Board
of Directors has appointed Elizabeth (“Busy”) Burr, who most
recently served as chief innovation officer and vice president of
healthcare trend and innovation at Humana, and Katherine (“Kate”)
Quinn, who currently serves as vice chairman and chief
administrative officer of U.S. Bancorp, to the Rite Aid Board.
The appointment of Burr and Quinn reflects the continuation of
Rite Aid’s commitment to refresh its Board and reinvigorate its
corporate governance practices and policies. With the appointment
of Burr and Quinn, Rite Aid has added five new, independent
directors to its nine-member Board in the past year. Rite Aid also
announced that Joseph B. Anderson, Jr. and Michael N. Regan, have
retired from the Board, effective immediately.
Prior to her role at Humana, Burr held senior roles at Citi
Ventures, Morgan Stanley, Credit Suisse First Boston and Gap, Inc.
She has a wealth of finance, marketing, customer experience, and
digital transformation expertise across the health care and digital
health, financial services, technology and retail industries.
Quinn has significant experience in developing corporate
strategy, marketing and transforming brands. Prior to joining U.S.
Bancorp, Quinn held leadership roles at Anthem, The Hartford and
CIGNA. The Rite Aid Board will benefit from Burr and Quinn’s
expertise as the company continues to focus on executing its
strategic plan and creating long-term stockholder value.
“We are pleased to welcome Busy and Kate to the Rite Aid Board.
Their appointment further demonstrates our commitment to enhance
the quality of our Board with additional relevant experience and
expertise to guide Rite Aid into the future,” said Bruce Bodaken,
Rite Aid chairman. “Their fresh perspectives, valuable expertise in
marketing and consumer brands, and health care industry experience
will contribute to the development and implementation of our
strategy to better position Rite Aid in the creation of long-term
value for stockholders.”
Mr. Bodaken continued, “We are very grateful for Joe and Mike’s
contributions to Rite Aid during their tenure on our Board. Their
vision and guidance have been tremendously valuable and we deeply
appreciate their service.”
Elizabeth (“Busy”) Burr Biography
Busy Burr most recently served as the chief innovation officer
and vice president of healthcare trend and innovation at Humana
where she was responsible for driving the design, build and
adoption of new product platforms in digital health, provider
experience, and telemedicine, to improve health outcomes, create
superior member experiences, and improve health care costs. She
also founded Humana’s strategic investing practice, Humana Health
Ventures. Prior to joining Humana in 2015, Burr was managing
director of Citi Ventures and led large-scale business
transformation efforts as the global head of Citi’s Business
Incubation Function-DesignWorks. Earlier in her career, Burr spent
seven years in investment banking at Morgan Stanley and Credit
Suisse First Boston and previously served as vice president of
global brand management at Gap, Inc. Burr holds an MBA from
Stanford University and a bachelor’s degree in Economics from Smith
College. Burr serves on the Boards of Mr. Cooper Group and
Satellite Healthcare and is a member of the Smith College Business
Network Advisory Council.
Katherine (“Kate”) Quinn Biography
Kate Quinn has served as vice chairman and chief administrative
officer of U.S. Bancorp since April 2017 and is responsible for
leading human resources, strategy and corporate affairs at the
company. Quinn joined U.S. Bancorp in 2013 as executive vice
president and chief strategy and reputation officer. Prior to
joining U.S. Bancorp, Quinn most recently served as senior vice
president and chief marketing officer at Anthem, a health benefits
company, where she directed the company’s marketing, customer
communications, digital, customer experience and retail strategies.
She previously served as Anthem’s vice president of corporate
marketing. Earlier in her career, Quinn served as chief marketing
and strategy officer at a division of The Hartford, following
leadership roles in strategy and product development at CIGNA and
PacifiCare Health Systems, respectively. Quinn earned an MBA from
University of Phoenix and a bachelor’s degree from Hunter College.
In addition to her role at U.S. Bancorp, Quinn presently serves as
a member of the Board of Trustees for both Minnesota Public Radio,
and Fraser, a non-profit organization serving children and adults
with special needs.
About Rite Aid Corporation
Rite Aid Corporation is one of the nation's leading drugstore
chains with fiscal 2019 annual revenues of $21.6 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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