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Rite Aid names group VP, real estate
Camp Hill, Pa. -- Rite Aid Corporation announced t that Ray Payne, currently VP, real estate west coast, has been promoted to group VP, real estate. Payne succeeds Karen Smith, who retired last year after more than 35 years with the company.
In his new position, Payne will be responsible for developing and executing the company’s real estate strategy nationwide, including establishing a pipeline of properties for new and relocated stores.
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Sears Canada makes acting CEO permanent
Toronto – The board of directors of Sears Canada Inc. has named Ronald D. Boire as president and CEO. Boire has served as the company's acting president and CEO since Oct. 15, 2014.
Prior to his role with Sears Canada, Boire was executive VP, chief merchandising officer and president, Sears and Kmart Formats, Sears Holdings Corp. Prior to joining Sears Holdings in January 2012, Boire was president and CEO at Brookstone, a position he held from October 2009.

