Former Blue Shield exec named to Rite Aid board

CAMP HILL, Pa. — Rite Aid announced the election of former Blue Shield of California president, chairman and CEO Bruce Bodaken to its board of directors.

Bodaken, 61, spent 18 years working for the San Francisco-based company before stepping down in 2012 as president, chairman and CEO, a position he had held since 2000. He previously worked for companies like managed care provider FHP and is currently a director and audit committee chairman at WageWorks, as well as a member of the Institute of Medicine's Roundtable on Value and Science-Driven Health Care.

"We are very pleased to welcome Bruce to our board," Rite Aid chairman, president and CEO John Standley said. "As Rite Aid continues to grow our business and develop new and exciting ways to better serve our customers in a rapidly changing healthcare environment, we expect to benefit greatly from Bruce's in-depth knowledge of the healthcare industry and his more than 20 years of executive leadership experience."