"Rite Aid takes any allegation of discrimination seriously, we have internal processes to address any concerns and we will investigate and follow-up appropriately whenever a complaint is made." Krol is "off point" in his allegations of board cronyism, Rite Aid CEO John Standley said. Rite Aid, based in East Pennsboro Township in Cumberland County, is the nation's third-largest drugstore chain. Its shares trade on the New York Stock Exchange under the ticker symbol RAD. The company has struggled with debt since acquiring the Brooks-Eckerd chain in 2007.