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Rite Aid’s John Standley named No. 1 mid-cap CEO

BY Michael Johnsen

NOVATO, Calif. – ExecRank earlier this week released its c-suite executive rankings, naming Rite Aid's top executive John Standley No. 1 among mid-cap companies. 
 
"John's done an incredible job and has an ubelievable pedigree across a whole number of positions at Rite Aid," Jonathan Aspatore, CEO ExecRank, shared with TheStreet in a video interview. "He's been there since 1999, and he's had the role of chief operating officer, chief financial officer, chief administrative officer. That multitude or roles has really helped him excel in bringing the company forward," he said. 
 
"The earnings per share over the last five years is [up] over 40%, which is incredible for a mature retailer," Aspatore added. "And with the potential acquisition looming from Walgreens, there's a lot of different variables that brings into play. … We think he's done just an incredible job of managing all of it."
 
Standley previously served as CEO of Pathmark Stores, a regional supermarket chain, from 2005 to 2007. 
 
Wal-Mart Stores president and CEO Doug McMillon was named the No. 4 CEO among large-cap companies. "As CEO, Doug leads a strong management team that is working to deliver Walmart’s mission of 'saving people money so they can live better,'" ExecRank noted in its writeup of McMillon. 
 
Among other retail pharmacy CEOs ranked in the top 100, Walgreens Boots Alliance's Stefano Pessina ranked No. 27 on the large-cap companies list, Larry Merlo of CVS Health ranked No. 40 and Kroger's Rodney McMullen ranked No. 67. 
 
ExecRank produces c-suite executive rankings based on statistical and algorithmic analysis of executive performance across 24 key areas. 
 
A sample of the 24 categories measured include:
 
  • Experience in the executive role;
  • Business results during tenure;
  • Position as founder or chairman of company;
  • Board member appointments;
  • Company earnings per share growth this year; and
  • Industry/professional reputation. 

 

 

 

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CVS Health Charity Classic raises $1.3 million for 103 charities

BY David Salazar

WOONSOCKET, R.I. — CVS Health on Thursday held a celebration at is headquarters where the company’s president and CEO Larry Merlo awarded $1.3 million dollars raise by the CVs Health Charity Classic golf tournament to over 103 charities in Rhode Island and southeastern Mass. 
 
"Supporting organizations that make a real difference in the community and provide the support necessary to bring the CVS Health Charity Classic to life is one of the most important ways we give back in our home state," Merlo said. "We are proud to support the meaningful work being done by these non-profits to provide assistance to those who need it most in the areas of health care, education and social services."
 
In the past 17 years, the CVS Health Charity Classic has raised more than $19 million, and next year’s is planned for June 26 to 28 in Barrington, R.I. at the Rhode Island Country Club. Among the charities receiving funding this year were the Voys & Girls Club of Providence, and the Joe Andruzzi Foundation, which supports cancer patients and their families.  
 
“We're very fortunate for this support from the CVS Health Charity Classic which allows us to provide assistance to more patients and families as they recover from both the physical and financial stresses of a cancer diagnosis,” foundation president and former New England Patriots player Joe Andruzzi said. “We're truly grateful for the support we receive from such a community-minded organization, which gives us the opportunity to financially assist as many families as we can as they go through a difficult time.”
 
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Red Nose Day take two, 2016 date is set

BY Michael Johnsen

NEW YORK – Following the tremendous fundraising success of the inaugural Red Nose Day USA, which aired on NBC in May and raised more than $23 million, Comic Relief on Thursday announced that money raised is currently at work in all 50 U.S. states and in 15 countries internationally, helping to address the immediate needs of children and young people living in poverty.
 
And already, planning around the second annual Red Nose Day is in the workws. That special will air Thursday, May 26 from 9-11 p.m. ET. Top comedy and musical performances from A-list celebrities and artists around the world will be part of the telecast. The charities benefitting from the 2016 Red Nose Day special will be announced at a later date.
 
"I am delighted and hugely grateful to everyone who helped make Red Nose Day such a success this year – including NBC, Walgreens, M&M'S, The Gates Foundation, and of course, the wonderful U.S. public who bought the noses and really got into the spirit of our first-ever U.S. campaign," stated Red Nose Day's Richard Curtis. "It's brilliant that all these efforts are already changing and saving the lives of children across every state in the U.S. and internationally through our fantastic charity partners. And I love the fact that this was all done by people having fun and being funny. The involvement of so many extraordinary performers first time out was a real thrill to us all. I thank and salute everyone who played a part in making this happen and really look forward to next year."
 
Money raised earlier this year came from Americans who bought 5 million red noses at Walgreens, purchased vendor partner products, donated in-stores and donated during the NBC television special, and fund-raised in their communities.
 
The Red Nose Day campaign, co-created by writer-director Richard Curtis, is built upon the idea of using entertainment, via media and celebrities, to raise awareness of poverty and inspire the public to have fun, raise money and change lives.
 
Six months after the star-studded television special, money raised is helping to:
 
  • Serve nearly 8 million meals to American children at food banks in all 50 states;
  • Get more than 200,000 children reading in the U.S.;
  • Provide more than 50,000 U.S. children and families with access to essential health care;
  • Supply more than 170,000 life-saving vaccinations for children across Africa;
  • Get clean water to over 30,000 children and families across Africa; and
  • The Red Nose Day campaign raised funds for 12 domestic and international charities, including Boys & Girls Clubs of America, charity: water, Children's Health Fund, Feeding America, Gavi, the Vaccine Alliance, LIFT, National Council of La Raza, National Urban League, Oxfam America, Save the Children, The Global Fund and United Way.
 
 
 
 
 
 
 
 
 
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