Philadelphia-based Rite Aid Corp. recently appointed Matt Schroeder chief executive officer.
He succeeds Jeffrey S. Stein who has stepped down as chief executive officer and chief restructuring officer after the company emerged from Chapter 11.
Schroeder joined Rite Aid in 2000 and most recently served as executive vice president and chief financial officer. He previously served as vice president of financial accounting.
AS CFO, he was responsible for managing Rite Aid’s financial verticals. This includes treasury and accounting, financial reporting, financial planning and analysis, and leading store development and procurement functions.
“I am honored to lead Rite Aid on its journey as we continue serving our customers and communities,” Schroeder said. “Thanks to the dedication of the entire organization, we are beginning our next phase as a transformed company. I see Rite Aid’s remarkable potential, and I look forward to working with the team as we remain committed to our purpose of helping our customers achieve whole health for life.”
Schroeder previously worked was an audit manager for Arthur Andersen. He serves on the Whitaker Center for Science and Arts, a not-for profit serving the greater Harrisburg Pennsylvania region, board of directors.