Rite Aid Corporation announced that its Board of Directors has appointed Elizabeth (“Busy”) Burr, a member of the Company's Board, as interim CEO, effective immediately. Burr's appointment follows Heyward Donigan's departure from the Company as President and CEO, and as a member of the Board. Rite Aid has initiated a search to identify a permanent CEO and has retained a leading executive search firm.

Burr has extensive experience in the health industry, and proven expertise in innovation, business strategy, retail and brand management. She previously served as Vice President, Head of Health Ventures and Chief Innovation Officer at Humana, a $70 billion for-profit U.S. health insurance company. Most recently, at Carrot Inc., Burr served as President and Chief Commercial Officer, leading the team focused on bringing the company's digital health solutions to market.

Burr previously served as Managing Director of Citi Ventures and Global Head of Business Incubation of Citigroup Inc. as well as Entrepreneur-in-Residence at eBay Inc. She has also held various senior leadership roles at Credit Suisse Group AG (formerly Credit Suisse First Boston) and Gap Inc., where she served as Vice President of Global Brand Management. Busy Burr is the former President and Chief Commercial Officer at Carrot Inc., a digital health care company with solutions that combine behavioral science, clinical expertise, and proprietary technology, from 2019 through 2021. Prior to that, Burr served as the Chief Innovation Officer and Vice President of Healthcare Trend and Innovation at Humana where she was responsible for driving the design, build and adoption of new product platforms in digital health, provider experience, and telemedicine, to improve health outcomes, create superior member experiences, and improve health care costs.

She also founded Humana's strategic investing practice, Humana Health Ventures. Prior to joining Humana in 2015, Burr was managing director of Citi Ventures and led large-scale business transformation efforts as the global head of Citi's Business Incubation Function-DesignWorks. Prior to this, she served as CMO and Global Head of Communications of the Global Technology Group at Credit Suisse First Boston.

Earlier in her career, Burr spent seven years in investment banking at Morgan Stanley and previously served as Vice President of Global Brand Management at Gap Inc. Burr holds an MBA from Stanford University and a bachelor's degree in Economics from Smith College. Burr serves on the Boards of Mr. Cooper Group, Satellite Healthcare and SVB Financial Group.