CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE:RAD) announced today that Ray Payne, currently vice president, real estate west coast, has been promoted to group vice president, real estate. Payne succeeds Karen Smith, who retired last year after more than 35 years with the company. As Group Vice President of Real Estate, Payne will be responsible for developing and executing the company’s real estate strategy nationwide, including establishing a pipeline of properties for new and r