Rite Aid (RAD) named James P. Mastrian chief operating officer, Mark Panzer chief marketing officer and Mark de Bruin executive vice president, pharmacy.

Panzer and de Bruin will report to Mastrian, the Camp Hill, Pa., pharmacy chain said. Mastrian, 63, will oversee store operations, category management, marketing, merchandising, supply chain, pharmacy services and the company's new pharmacy benefit management company. He will continue to report to CEO Mary Sammons.

"Combining all the functions that directly impact the profitability of our stores under Jim Mastrian's proven leadership will better position us to grow our business and improve our performance, especially in pharmacy," said Sammons. Mastrian was senior executive vice president, marketing, logistics and pharmacy services.

Panzer, 48, will oversee category management, marketing, merchandising and supply chain. De Bruin, 46, formerly senior vice president, pharmacy services, will oversee pharmacy operations, managed care, clinical services, pharmacy purchasing, government affairs and the company's new pharmacy benefit management company.

Rite Aid fell 6 cents Monday to $3.74.

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