Rite Aid chief digital and technology officer Mennen to leave company

According to a regulatory filing, on July 28, 2023, Justin Mennen, the EVP and Chief Digital and Technology Officer of Rite Aid Corporation, ceased to be employed by the company, effective immediately. In connection with such termination of employment, the Company entered into a separation agreement and release with Mr. Mennen pursuant to which: Mr. Mennen waived his rights to severance benefits under his employment agreement with the Company dated December 7, 2018, and amended as of November 6, 2019, the Company agreed to pay Mr. Mennen $900,000 in a lump sum in consideration for the waiver and general release of claims and Mennen retained his right to a retention payment of $750,000 pursuant to the letter agreement between the Company and Mr. Mennen dated April 28, 2023, as previously filed as Exhibit 10.37 to its Quarterly Report on Form 10-Q on July 11, 2023.