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Rite Aid appoints former executive to board of directors

BY Michael Johnsen

CAMP HILL, Pa. Rite Aid on Wednesday named former executive David Jessick to its board of directors.

Jessick will fill the seat on the 14-member board vacated by George Golleher, who was elected in 2007 for a three-year term and has resigned. Golleher served on the board since 2002.

“George Golleher has been a hard-working member of our board for the past seven years, and we thank him for the many contributions he has made to our company,” stated Mary Sammons, Rite Aid chairman and CEO. “At the same time, we welcome Dave Jessick as a valuable addition, especially with his retail background and in-depth knowledge of Rite Aid.”

Jessick, 55, currently an independent investor, served Rite Aid as SVP, Chief Administrative Officer from December 1999 through July 2002. He then served as a consultant to Rite Aid’s CEO and senior management from July 2002 until February 2005. His more than 30 years of retail experience includes serving as CFO and EVP, finance and investor relations of Fred Meyer, a major northwest food and drug retailer, from January 1997 to July 1999. Prior to joining Fred Meyer, he spent 17 years with Thrifty Payless, a 1,000-store west coast drugstore chain, where he was EVP and CFO when Rite Aid acquired the company in 1996. Jessick also served as non-executive chairman of Pathmark Stores from August 2005 until December 2007, during the time that Rite Aid’s president and COO John Standley served as CEO of the grocer.

Jessick’s term will expire at the company’s annual meeting in June 2010, at which time he is expected to stand for re-election.

Jessick began his career as a Certified Public Accountant. He received a Bachelor of Business Administration degree in Accounting from Boise State University.

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Two biopics arrive on DVD, Blu-Ray this spring

BY Allison Cerra

LOS ANGELES Two biopics arrive on Blu-Ray and DVD this spring from Twentieth Century Fox and MGM Home Entertainment.

On April 21, Notorious, the story of Christopher “Biggie Smalls” Wallace, arrives on DVD and Blu-Ray from Twentieth Century Fox Home Entertainment. The story of a hip-hop icon whose life was cut short, Notorious features Wallace’s real-life son, Christopher Jordan Wallace, and uncovers the complicated relationships in his life. The film arrives on Unrated Director’s Cut and Unrated Director’s Cut Collector’s Edition, which include bonus features like behind-the-scenes footage, never-before-seen footage of the real Notorious B.I.G. and more.

The Unrated Director’s Cut has a suggested retail price of $23.98, while Unrated Director’s Cut Collector’s Edition retails for $27.98 and $31.99 for DVD and Blu-Ray, respectively.

Valkyrie, starring Tom Cruise, is a story of the German Resistance’s attempted coup and assassination of Adolf Hitler. Cruise stars as the mastermind behind the plot, Colonel Calus von Stauffenberg. Valkyrie will be released on DVD, Blu-Ray and Two-Disc Special Edition DVD with Digital Copy on May 19 from MGM Home Entertainment. Both formats feature over three hours of bonus materials, including commentary from Cruise and director Bryan Singer and more.

The suggested retail price for Valkyrie is $23.98 for the standard DVD, while the Blu-Ray and Two-Disc Special Edition DVD with Digital Copy retail for $31.99 and $27.98, respectively.

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Supervalu discontinues online grocery business

BY Michael Johnsen

EDEN PRAIRIE, Minn. Supervalu has discontinued its online grocery business in all markets, according to reports published last week.

The decision impacts its online grocery delivery service for Albertsons.com and Acmemarkets.com.

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