GNC names Ken Martindale new CEO

Share
GNC names Ken Martindale new CEO

GNC Holdings has appointed drug chain veteran Ken Martindale as CEO.

Ken Martindale's departure as Rite Aid Corp. president and store CEO took effect immediately, the company announced Tuesday.

The specialty retailer of vitamins and supplements on Wednesday announced that Ken Martindale would succeed GNC interim CEO Bob Moran, effective September 11. The GNC board selected Moran as its non-executive chairman, and he will work with Martindale to ensure a smooth transition.

Martindale joined Rite Aid in 2008 as senior executive VP merchandising, marketing and logistics and rose through the ranks. In 2013 he was promoted to President and COO and he took on the CEO title in August 2015.

Rite Aid, based in East Pennsboro Township, Cumberland County, said it has promoted Bryan Everett, now executive vice president in charge of store operations, to the newly created position of COO of Rite Aid stores.

Rite Aid's Executive Vice President Bryan Everett will be Chief Operating Officer, a newly created position.

In June, Rite Aid's merger plans with Walgreens fell apart but Walgreens is still buying about 4500 Rite Aid Stores. In July, the company reported net income of $15.7 million for its second quarter, down from $64 million in the year-ago period. Revenues totaled $641.0 million, down from last year's $673.2 million. "I'm proud of what we've accomplished so far and look forward to working with Ken and the team as we continue to leverage the strengths and advantages inherent in our model, improve the customer experience and make progress toward our goal of delivering meaningful, profitable growth". Known for its line of vitamins and supplements, GNC has about 9,000 stores worldwide, including 2,378 Rite Aid franchise store-within-a-store locations.

Share

Advertisement

Related Posts

Universal Health Services, Inc. (UHS) Receives Average Recommendation of "Hold" from Analysts
Citigroup has "Neutral" rating and $126 target. (NYSE:UHS) earned "Neutral" rating by Sterne Agee CRT on Wednesday, March 2. It dropped, as 12 investors sold CPLA shares while 54 reduced holdings. 74 funds opened positions while 263 raised stakes.

Iowa Attorney General Joins Multistate Lawsuit To Preserve DACA
If the end of DACA is turned into a political screaming match, an opportunity to move forward on immigration reform will be lost. Facebook's Mark Zuckerberg is driving a lobbying effort by Fwd.Us which supports immigration changes including renewing DACA.

Fears For 16-Year-Old NSW Boy Missing In Brisbane
An urgent appeal has been launched to find a sick 16-year-old boy missing from Brisbane's Lady Cilento Children's Hospital. If anyone sees the boy or who has information as to his whereabouts, they are encouraged to contact Policelink on 131 444.

UFC 215 Embedded (Ep. 2): Amanda Nunes Arrives in Edmonton
Flyweight champion Demetrious Johnson stays busy at home, where doing dishes and chasing grasshoppers are his responsibility. Her challenger Valentina Shevchenko , who has a different attitude toward air travel, visits a local aviation museum.

Sociedad Quimica y Minera SA (SQM) Holdings Boosted by Jennison Associates LLC
Sailingstone Capital Partners Llc decreased Sociedad Quimica Minera De C ( SQM ) stake by 27.04% reported in 2016Q4 SEC filing. On August 29 BMO Capital kept the company rating at "Market Perform" and raised the price target to $45.00 from $30.00.

Apple's iPhone 8 to Carry Hefty Pricetag, According to Leak
The newer models in the list above are those with prices that will drop the fasts as we approach the Apple event day. More leaks are likely to occur ahead of Apple's september 12 event, which is when the device will likely launch.

WhatsApp working on new tools for businesses
One of these features, verified business profiles , is already being tested today. Globally, the trials included Dutch airline KLM and Itau Bank in Brazil.

Dems: Trump agrees to deal on spending, debt, Harvey aid
After all, this was the first post-August recess meeting of top party leaders to discuss what will be a very busy next few months. On Tuesday, Trump wrote on Twitter that he wanted to work with both Democrats and Republicans on an immigration package.

Meeting Ongoing Between Striking Doctors, Ministers
Resident doctors are doctors practising in secondary and tertiary hospitals as part of their postgraduate studies. The offices occupied by resident doctors were under lock and key.

Jamie Vardy won't rule out leaving Leicester in the future
Vardy said on Sky Sports News on Tuesday: "It will be good to see them again but obviously come kick-off they're enemies to me". Leicester City striker Jamie Vardy insists he has no regrets over turning down a move to Arsenal .

© 2015 ExpressNewsline. All Rights reserved.