Eckerd
Executive Summary
CEO Frank Newman resigns from the J.C. Penney drugstore subsidiary to join Internet pharmacy more.com as CEO. Penney Executive Committee member John Fesperman will take over until a replacement is found. At more.com, Newman succeeds Don Kendall, who will become chairman. Newman will also leave his post as chairman of the National Association of Chain Drug Stores; he is succeeded by Happy Harry's CEO Alan Levin