⚠ Leadership Update: Heyward Donigan served as President and CEO of Rite Aid from August 2019 to January 2023.
Donigan departed in January 2023. Rite Aid filed for Chapter 11 bankruptcy in October 2023, briefly emerged in September 2024, then filed for a second Chapter 11 liquidation in May 2025. All remaining stores closed by October 2025, and Rite Aid no longer operates. Donigan was appointed CEO of Health Network One in January 2025.
Rite Aid Corporation was once the third-largest pharmacy chain in the United States, founded in 1962 in Scranton, Pennsylvania. In August 2019, Heyward Donigan was appointed President and CEO of Rite Aid, tasked with turning around the struggling retailer. A seasoned healthcare executive with more than 35 years of leadership experience at companies including CIGNA, Premera Blue Cross, ValueOptions, and Sapphire Digital, Donigan sought to transform Rite Aid from a traditional pharmacy into a whole-health destination. Despite ambitious restructuring plans, mounting debt and opioid-related liabilities contributed to her departure in January 2023 and the company’s eventual liquidation in 2025.
Read on to discover Rite Aid CEO email address, Heyward Donigan net worth, salary and compensation, career history, husband & family, and more.
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Heyward Donigan – Quick Facts
| Heyward Donigan — At a Glance | |
| Full Name | Heyward R. Donigan |
| Position (Former) | President & Chief Executive Officer, Rite Aid |
| Current Role | CEO, Health Network One (since Jan. 2025) |
| Company | Rite Aid Corporation (formerly NYSE: RAD) — Defunct |
| Age | ~65–66 years (born 1960) |
| Education | B.A. English, University of Virginia; M.P.A., New York University |
| Net Worth (Est.) | $8–12 Million |
| Total Compensation (FY2021) | ~$9.6 Million |
| CEO Tenure | August 2019 – January 2023 |
| Previous Role | President & CEO, Sapphire Digital (formerly Vitals) |
| Email (Former) | [email protected] |
| linkedin.com/in/heyward-donigan | |
Rite Aid Competitors
Before its closure, Rite Aid competed in the highly competitive U.S. retail pharmacy industry. Key competitors of Rite Aid included:
- CVS Health – largest U.S. pharmacy chain with ~9,000 locations and integrated health services
- Walgreens Boots Alliance – second-largest U.S. pharmacy chain with ~8,500 stores
- Walmart Pharmacy – pharmacy operations within ~5,000 Walmart stores nationwide
- Kroger Health – pharmacy services within Kroger supermarket locations
- Albertsons Companies – pharmacy operations across Safeway, Albertsons, and other grocery brands
- Amazon Pharmacy – online pharmacy and prescription delivery service
- Costco Pharmacy – in-warehouse pharmacy known for competitive pricing
Heyward Donigan Net Worth 2026 – Rite Aid CEO Salary
As of 2026, Heyward Donigan’s net worth is estimated at approximately $8–12 million USD. This figure is based on her disclosed stock holdings and accumulated compensation during her tenure at Rite Aid. Before Rite Aid’s bankruptcy, Donigan directly owned over 14,350 units of Rite Aid stock, though the value of those holdings was significantly diminished by the company’s Chapter 11 filings. Her current compensation at Health Network One has not been publicly disclosed.
Rite Aid CEO Compensation Breakdown (FY2021)
| Component | Amount (USD) | Share |
|---|---|---|
| Base Salary | $1,100,000 | 11.5% |
| Annual Bonus | $1,060,000 | 11.1% |
| Stock Awards | $7,389,087 | 77.2% |
| Other Compensation | $22,000 | 0.2% |
| TOTAL | $9,571,087 | 100% |
Key Insight: Over 88% of Heyward Donigan’s compensation was performance-based (bonus + equity), with only 11.5% from base salary. Her initial employment agreement provided an annual base salary of $1,000,000 with a target annual bonus of 200% of base and long-term equity incentives at 450% of base salary.
Rite Aid Net Worth – Company Financials
Rite Aid experienced significant financial decline in its final years. While the company generated approximately $24.6 billion in annual revenue during fiscal 2022 under Donigan’s leadership, it reported consistent net losses. The company filed for Chapter 11 bankruptcy in October 2023, briefly emerged in September 2024 after shedding $2 billion in debt and closing roughly 500 stores, only to file again in May 2025 and liquidate entirely. All remaining stores closed by October 2025.
Rite Aid Financial Summary (Last Reported – FY2022)
| Metric | Value | Notes |
|---|---|---|
| Annual Revenue | $24.6B | ▲ 2.2% |
| Net Income | -$690M | ▼ Loss |
| Pharmacy Revenue | ~$17.8B | — |
| Stores (Peak) | ~2,350 | Before closures |
| Employees (Peak) | ~47,000 | Before layoffs |
| Headquarters | Philadelphia, PA | Relocated from Camp Hill |
| NYSE Ticker (Delisted) | RAD | Delisted 2023 |
| Status | Liquidated (2025) | — |
Rite Aid Timeline: Founded in 1962, Rite Aid grew to over 5,000 stores at its peak. After years of declining market share, mounting debt, and opioid litigation, the company filed for bankruptcy twice — in October 2023 and again in May 2025. Its last stores closed in October 2025, ending 63 years of operations.
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Rite Aid CEO Email | Heyward Donigan Contact
Below are the contact details and social media profiles for former Rite Aid CEO Heyward Donigan. Note that the Rite Aid corporate email is no longer active following the company’s liquidation in 2025.
| Contact Information | |
| Email (Former) | [email protected] (no longer active) |
| linkedin.com/in/heyward-donigan | |
| Current Company | Health Network One (CEO, since Jan. 2025) |
| Former Corporate HQ | 2727 Paces Ferry Road, Philadelphia, PA 19102 |
| Company Status | Rite Aid — Liquidated (October 2025) |
Career & Education – Company, University, & College
Heyward Donigan built a distinguished career spanning more than 35 years in the healthcare and pharmacy industries. She held senior leadership positions at several major healthcare companies before taking the helm at Rite Aid in 2019.
Heyward Donigan Career Timeline
| Period | Role | Company |
|---|---|---|
| 1994–1997 | Senior Vice President | Empire Blue Cross Blue Shield |
| 1999–2000 | President, Southeast Region | CIGNA Healthcare |
| 2001–2002 | SVP of Operations | CIGNA Healthcare |
| 2003–2010 | EVP & Chief Marketing Officer | Premera Blue Cross |
| 2010–2015 | President & CEO | ValueOptions |
| 2015–2019 | President & CEO | Sapphire Digital (fmr. Vitals) |
| 2019–2023 | President & CEO | Rite Aid Corporation |
| 2025–Present | Chief Executive Officer | Health Network One |
Heyward Donigan began her executive career at Empire Blue Cross Blue Shield, where she served as SVP from 1994 to 1997. She then moved to CIGNA Healthcare, holding progressively senior roles including President of the Southeast Region and SVP of Operations.
In 2003, she joined Premera Blue Cross as EVP and Chief Marketing Officer, spending seven years driving profitable growth across individual, small group, and national account businesses. She then led ValueOptions, the nation’s largest independent behavioral health company, as President and CEO from 2010 to 2015, growing revenues to over $1 billion.
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Before Rite Aid, Donigan served as President and CEO of Sapphire Digital (formerly Vitals), a healthcare transparency platform, from 2015 to 2019. She was appointed President and CEO of Rite Aid in August 2019, replacing John Standley. After departing Rite Aid in January 2023, she was named CEO of Health Network One, effective January 2025.
Education
| University | Degree / Program | Website |
|---|---|---|
| University of Virginia | Bachelor of Arts in English | virginia.edu |
| New York University | Master of Public Administration (M.P.A.) | nyu.edu |
Donigan attended Hackley School for her secondary education before enrolling at the University of Virginia, where she earned a Bachelor of Arts in English. She later obtained her Master of Public Administration from New York University.
Heyward Donigan Wiki – Age, Husband, Family, & More
Heyward Donigan (born 1960, age ~65–66) was raised in Port Chester, New York. She attended Hackley School and later graduated from the University of Virginia. Donigan is married to William L. Donigan Jr.; the couple has been together since 1987 and has two children, including a daughter named Dabney.
Notable Achievements & Recognitions
- Healthcare Transformation Leader – Led Rite Aid’s pivot from traditional pharmacy to whole-health destination with the RxEvolution strategy
- Behavioral Health Innovator – As CEO of ValueOptions, grew revenues to over $1 billion serving Medicaid behavioral health patients
- COVID-19 Response – Spearheaded Rite Aid’s COVID-19 testing and vaccination program, making the chain one of the first pharmacies to offer rapid testing
- Digital Health Pioneer – As CEO of Sapphire Digital, developed healthcare transparency tools for consumers
- Conference Board Member – Served on the Board of Directors of The Conference Board, a global business research organization
Throughout her career, Donigan has been recognized as a transformational leader in the healthcare industry, consistently driving innovation and profitable growth across managed care, behavioral health, and retail pharmacy sectors.
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About Rite Aid
Rite Aid Corporation was an American drugstore chain founded on September 12, 1962, by Alex Grass in Scranton, Pennsylvania, originally as Thrift D Discount Center. The company rebranded as Rite Aid in 1968 and grew to become the third-largest pharmacy chain in the United States at its peak, operating over 5,000 stores.
| Detail | Information |
|---|---|
| Founded | September 12, 1962 |
| Founder | Alex Grass |
| Original Name | Thrift D Discount Center |
| Last Headquarters | Philadelphia, Pennsylvania |
| Industry | Retail Pharmacy |
| Peak Stores | 5,000+ |
| Peak Employees | ~51,000 |
| NYSE Ticker (Delisted) | RAD |
| Status | Liquidated – October 2025 |
Rite Aid operated as a full-service retail pharmacy offering prescription drugs, health and wellness products, and pharmacy benefit management services through its Elixir subsidiary. The company relocated its headquarters from Camp Hill, Pennsylvania, to Philadelphia in 2022. After filing for Chapter 11 bankruptcy in October 2023, emerging briefly in September 2024, and filing again in May 2025, Rite Aid sold its remaining pharmacy operations to CVS, Walgreens, Albertsons, and Kroger. The last Rite Aid stores closed their doors in October 2025, ending 63 years of operations.
Frequently Asked Questions (FAQ)
Who was the CEO of Rite Aid?
Heyward Donigan served as President and CEO of Rite Aid from August 2019 to January 2023. She replaced John Standley and was succeeded on an interim basis by Elizabeth “Busy” Burr. Donigan is now CEO of Health Network One.
What is Heyward Donigan’s net worth in 2026?
As of 2026, Heyward Donigan’s net worth is estimated at approximately $8–12 million USD, based on her accumulated compensation from Rite Aid and previous executive roles. Her Rite Aid stock holdings lost significant value during the company’s bankruptcy proceedings.
What was the Rite Aid CEO’s salary?
During fiscal year 2021, Heyward Donigan’s total compensation was approximately $9.6 million, including a $1.1 million base salary, $1.06 million annual bonus, and $7.39 million in stock awards. Her initial employment agreement included a $1 million base salary with a 200% bonus target and 450% long-term equity target.
What is the Rite Aid CEO’s email address?
Heyward Donigan’s Rite Aid email was [email protected], but this address is no longer active following the company’s liquidation. She can be reached via LinkedIn.
What happened to Rite Aid?
Rite Aid filed for Chapter 11 bankruptcy in October 2023, emerged in September 2024 after shedding $2 billion in debt, but filed for bankruptcy again in May 2025. The company sold its remaining pharmacy operations to CVS, Walgreens, Albertsons, and Kroger, and all stores closed by October 2025 after 63 years of operations.
Where is Heyward Donigan now?
As of 2026, Heyward Donigan serves as CEO of Health Network One, a healthcare services company, a role she assumed in January 2025. She brings more than 35 years of healthcare leadership experience to her new position.
Article last updated:January 2026March 2, 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including SEC filings, official company press releases, and reputable news outlets. This content is provided for informational purposes only and does not constitute financial or investment advice.