Rite Aid, Inc. is a Fortune 500 company with its headquarters in Philadelphia, Pennsylvania. The company operates over 2,000 stores in the United States and Puerto Rico. Rite Aid was founded in 1930 by John W. Taylor and is currently headed by president and CEO Fredric J. Cioni.
Rite Aid is a Fortune 500 company with its headquarters in Philadelphia, Pennsylvania.
Cioni has been with the company since 1998, and has been responsible for the company’s growth and success. Rite Aid has been profitable every year since he has been in charge, and has increased its dividend each year. In 2013, Rite Aid was ranked as the 37th largest company in the United States by Forbes.
Cioni is a well-known figure in the Philadelphia business community, and has been a part of many philanthropic endeavors. He is a member of the Philadelphia Business Journal’s “40 Under 40” list, and was named one of Philadelphia’s “Most Creative People” by The Philadelphia Inquirer in 2013.
