7 of 15
Mary F. Sammons
Mary F. Sammons
Title: Chairman and CEO
Company: Rite Aid
Fortune 500 rank: 89
Age: 63
Compensation: $2.5 million

Mary Sammons is going to need more than a Band-Aid to fix Rite Aid. The retail pharmacy chain has logged 11 straight quarters in the red. Luckily, she'll have some help. In June, John Standley takes the CEO post from Sammons, who took over the job in 2003 after joining the company in 1999. She'll remain on as chairman of the board for the next two years.

Rite Aid is showing flickers of health. Sammons recently announced that the chain has refinanced the remainder of its debt from its purchase of the Brooks and Eckerd chains.

This year, Sammons says, the company's top priority is the rollout of its new customer rewards program, "wellness+," as well as expanding health services. She aims to have 6,000 pharmacists trained to give flu vaccines in time for the 2010 flu season.

NEXT: Carol M. Meyrowitz

Email | Print | Share
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Last updated April 22 2010: 11:58 AM ET
Top 50 Wal-Mart knocks Exxon Mobil out of the No. 1 slot to rule the Fortune 500 again. Which other companies made the top 50 this year? More
They're hiring! These Fortune 100 employers have at least 200 openings each, totaling more than 60,000 jobs. What are they looking for in a new hire? More
The biggest losers Companies from Fannie Mae to RiteAid, and Citigroup to Sprint lost billions of dollars last year. Who lost the most? More