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Daily Memo

THE — VALLEY —

Mortgage brokerage opens Medford office

The national company has branches in 48 states andoffers free lender pre-approval as well as a variety of home loan programs.

The phone number is 858-2554.

Employment groups to hold joint meeting

The Job Council and the Rogue Valley WorkforceDevelopment Council will meet together at 11 a.m. Thursday at the Education andResource Center in the Rogue Valley Mall.

Rite Aid chain hires new management teamAiling drugstore retailer Rite Aid Corp. isexpected to announce Monday that it has hired a new senior management team madeup primarily of grocery store executives and a new accounting firm in an attemptto revive the troubled company and regain credibility on Wall Street.

Longtime supermarket executive Robert G. Miller,55, will become Rite Aid's new chairman and chief executive. Mary Sammons, 53, aformer chief executive of Fred Meyer Stores, will be named president and chiefoperating officer.

In addition, the Camp Hill, Pa.-based drugstorechain said it has hired Deloitte & Touche as its new auditing firm toreplace KPMG LLP, which resigned abruptly in November.

This company faces significant challenges,but Rite Aid remains a leader in the retail drug industry, said Miller,who spent 30 years with supermarket chain Albertson's Inc. and was most recentlythe chief operating officer at Kroger Co., one of the nation's largestsupermarket operators.