Supplement retailing giant GNC announced that Ken Martindale would take the position of CEO, replacing interim CEO Bob Moran.
Martindale, formerly the CEO of Rite Aid Stores, joined on September 11, and will work closely with Moran, who has been elected Non-Executive Chairman of the GNC Board. As part of the transition, Michael F. Hines will step down as Chairman, but will remain on the Board.
“Ken is a proven leader with deep retail expertise, intimate knowledge of our business through his years of leadership with our partner, Rite Aid, and a record of success in transforming retail business models,” said Hines.
Martindale said, “I have a deep admiration for GNC, the tremendous brand they've built and, in particular, the successful work they're doing to fundamentally transform the business model. I'm excited to work with Bob and the team to build on the momentum they've created.”