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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.

Additionally, Payne will oversee the company’s tenant administration program and surplus properties. He will report to David Kelly, Rite Aid’s senior VP of store development.

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