Rite Aid names Matt Schroeder as CEO

Rite Aid Corporation announced that Matt Schroeder has been appointed CEO after the company’s emergence from Chapter 11. Schroeder joined Rite Aid in 2000 and most recently served as the company’s CFO. He succeeds Jeffrey S. Stein, who has stepped down as CEO and Chief Restructuring Officer in connection with the company’s emergence from Chapter 11. “Matt has served in various leadership positions during his tenure at Rite Aid and has a deep understanding of all aspects of our business,” said Bruce Bodaken, Chair of Rite Aid’s Board of Directors during its Chapter 11 process. “He has shown outstanding leadership through this process and is an excellent fit for the Company as it advances as a stronger organization.”