Corporate Governance

CAMP HILL, Pa. — Rite Aid has hired Wendy Barnes as group VP managed care, the retail pharmacy chain said Monday.

Reporting to SVP pharmacy services Chris Hall, Barnes will be responsible for all aspects of managed care, including contracting; relationships with managed care organizations, pharmacy benefit managers and third-party payers; and developing new strategic partnerships.

SALISBURY, N.C. — Food Lion announced that it has selected Mullen as its advertising agency of record. Mullen will be responsible for developing Food Lion's advertising campaigns and partnering with the company on integrated marketing initiatives in support of the Food Lion brand. 

Boston -- On The Spot Systems, a mobile systems provider, announced that 7-Eleven is using its Survey on the Spot mobile survey platform to capture feedback from managers in the field. 7-Eleven recognized the critical importance of gaining timely and accurate market-level data in order to make better business decisions and began using the mobile survey system in March, according to On The Spot Systems.

New York City -- Managed care company Health Net Inc. announced it will sell its Medicare Part D stand-alone prescription drug business to CVS Caremark for $160 million.

The business has about 400,000 members in 49 states and Washington, D.C., with annual revenue of approximately $490 million.

The deal is scheduled to close during the second quarter, pending approval from antitrust regulators.
 

Grapevine, Texas -- GameStop Corp. on Monday reported nearly flat sales for the nine-week holiday period that ended on Dec. 31. Total sales were $3.02 million, or about the same as last year. Same-store sales slipped 0.3%.

New York City -- Lululemon Athletica said on Friday that Dennis J. Wilson, its founder and former CEO, would step down from his current position as chief innovation and branding officer of the yogawear company at the end of January.

Wilson will remain as chairman.

Seattle -- Nordstrom plans to open a Nordstrom Rack in Tysons Corner, Va. The approximately 42,000-sq.-ft., two-level store is scheduled to open during fall 2012.

Nordstrom Rack will open in the former Filene's Basement space and join tenants Morton's Steakhouse, Bertucci's restaurant and Bank of America in a 215,000-sq.-ft.  mixed-use project. The project is owned by Rocks Tysons Two LLC and managed by Allen & Rocks, Inc. with KLNB Retail handling leasing.
 

West chester, Pa. -- QVC announced that Linda Dillman has been appointed CIO, Dillman most recently served as senior VP global IT at HP. Previously, she was executive VP and CIO at Wal-Mart Stores.

River Grove, Ill. -- Chuck Follett, president and CEO of Follett Corp., announced his decision to retire after 38 years of service with the company. Follett is the leading operator of college bookstores, and also a major distributor of physical and digital educational materials and services to primary, secondary and university level institutions.

Follett’s board of directors has initiated a search for Follett's successor. Follett will remain the company's president and CEO until a successor is identified.

Salisbury, N.C. -- Food Lion announced it has selected Boston-based Mullen as its advertising agency of record. Mullen will be responsible for developing Food Lion's advertising campaigns and partnering with the company on integrated marketing initiatives in support of the Food Lion brand.

Mullen succeeds Ames Scullen O'Haire as the agency of record. The terms of the contract were not disclosed, and new creative and advertising could take effect as early as first quarter 2012.