Colin V. Reed, John G. Danhakl Elected to Rite Aid Board of Directors.Business Editors CAMP HILL, Pa--(BUSINESS WIRE)--Feb. 13, 2003 The Board of Directors of Rite Aid Corporation (RAD: NYSE NYSE See: New York Stock Exchange , PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. ) announced the election of Colin V. Reed and John G. Danhakl to the Board. Mr. Reed's term will expire at the company's annual meeting in 2003 while Mr. Danhakl's term will expire at the company's annual meeting in 2004. Their elections bring the Board's membership to eight. Mr. Reed, 55, is president, chief executive officer and a director of Gaylord Entertainment, a diversified entertainment corporation headquartered in Nashville, Tennessee. He joined the company, which includes among its businesses Gaylord Hotels, the Grand Ole Opry Grand Ole Opry, weekly American radio program featuring live country and western music. The nation's oldest continuous radio show, it was first broadcast in 1925 on Nashville's WSM as an amateur showcase. , The Ryman Auditorium and WSM Radio, in May 2001. Before joining Gaylord, Mr. Reed was chief financial officer and a member of the three-executive Office of the President for Harrah's Entertainment, Inc., where he also served as a director from 1999 to 2001. Joining Harrah's in 1977, he served in various executive capacities including senior vice president of development where he oversaw the growth of Harrah's Casinos and was named executive vice president and chief financial officer in 1997. He also served in various management positions for Holiday Corporation, former parent company of Harrah's, including executive assistant to the chairman and chief financial officer for Holiday Inn for the Europe, Middle East and Africa division. Mr. Reed serves on the Board of Directors of Bass Pro Shops Bass Pro Shops is a privately held sporting goods and outdoor goods store headquartered in Springfield, Missouri. The original Outdoor World store, referred to as the "Grand Daddy" is located at the corner of Sunshine and Campbell in Springfield. and is a fellow in the British Association of Hotel Accountants. Mr. Danhakl, 46, is a managing director of Leonard Green & Partners (LGP), a leading private equity firm based in Los Angeles, California, which he joined in 1995. Prior to that, he served as a managing director in the Los Angeles office of Donaldson, Lufkin & Jenrette, which he joined in 1990. He presently serves on the Board of Directors of Big 5 Sporting Goods Big 5 Sporting Goods (NASDAQ: BGFV) is a sporting goods retailer headquartered in El Segundo, California with 344 stores in 10 western states. Steven G. Miller is the Chairman, President, and CEO. Corporation; MEMC Electronic Materials Inc.; Petco Animal Supplies, Inc.; Twinlab Corporation; VCA Antech, Inc.; Arden Group, Inc. and several private companies. Mr. Danhakl earned a Bachelor of Arts degree in Economics from the University of California at Berkeley (body, education) University of California at Berkeley - (UCB) See also Berzerkley, BSD. http://berkeley.edu/. Note to British and Commonwealth readers: that's /berk'lee/, not /bark'lee/ as in British Received Pronunciation. and an M.B.A. from the Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. . Rite Aid Corporation is one of the nation's leading drugstore chains with annual revenues of more than $15 billion and approximately 3,400 stores in 28 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Information about Rite Aid, including corporate background and press releases, is available through the company's website at www.riteaid.com. |
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