Steve Bixler To Become Rite Aid’s Next Senior Vice President and Chief Accounting Officer

Rhea-AI Summary

Rite Aid announced the appointment of Steve Bixler as the new Chief Accounting Officer, effective January 13, 2023. He replaces Brian Hoover, who is retiring after 27 years with the company, including three years in this role. Bixler has been with Rite Aid for over 21 years, most recently as Vice President of Financial Accounting since 2020. CFO Matt Schroeder expressed confidence in Bixler's leadership during the transition as the company aims to modernize its pharmacy services.

Positive

• Steve Bixler brings over 21 years of experience at Rite Aid, ensuring continuity in accounting leadership.
• The transition follows the retirement of a long-serving executive, indicating a stable leadership change.

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• None.

Bixler to replace Senior Vice President and Chief Accounting Officer Brian Hoover who is retiring on Jan. 13, 2023

PHILADELPHIA--(BUSINESS WIRE)-- Rite Aid (NYSE: RAD) today announced that Steve Bixler, vice president of financial accounting, will become the new chief accounting officer effective Jan. 13, 2023, following the retirement of Brian Hoover who has served in the role for the last three years during his 27 years with Rite Aid.

Bixler will report to Chief Financial Officer Matt Schroeder.

“We look forward to a seamless transition and the leadership Steve will bring as we continue our journey toward a modern full-service pharmacy company,” Schroeder said. “We are grateful for Brian’s many years of service and dedication to our company and wish him a well-deserved retirement.”

Bixler has served in accounting roles at Rite Aid for the last 21 years and was promoted to his current role as vice president in 2020. Steve joined Rite Aid as an inventory specialist immediately after earning his bachelor’s degree from Juniata College in Huntingdon, Pa., in 2001.

About Rite Aid Corporation

Rite Aid is a full-service pharmacy that improves health outcomes. Rite Aid is defining the modern pharmacy by meeting customer needs with a wide range of vehicles that offer convenience, including retail and delivery pharmacy, as well as services offered through our wholly owned subsidiaries, Elixir, Bartell Drugs and Health Dialog. Elixir, Rite Aid’s pharmacy benefits and services company, consists of accredited mail and specialty pharmacies, prescription discount programs and an industry leading adjudication platform to offer superior member experience and cost savings. Health Dialog provides healthcare coaching and disease management services via live online and phone health services. Regional chain Bartell Drugs has supported the health and wellness needs in the Seattle area for more than 130 years. Rite Aid employs more than 6,400 pharmacists and operates more than 2,350 retail pharmacy locations across 17 states. For more information, visit www.riteaid.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220912005556/en/

INVESTORS:

Byron Purcell

(717) 975-3710

investor@riteaid.com

MEDIA:

Terri Hickey

(717) 975-5718

press@riteaid.com

Source: Rite Aid

FAQ

Who is the new Chief Accounting Officer of Rite Aid?

Steve Bixler has been appointed as the new Chief Accounting Officer of Rite Aid, effective January 13, 2023.

What is the reason for Brian Hoover's departure from Rite Aid?

Brian Hoover is retiring after a 27-year career with Rite Aid, including three years as Chief Accounting Officer.

How long has Steve Bixler worked at Rite Aid?

Steve Bixler has worked at Rite Aid for over 21 years.

What position did Steve Bixler hold before becoming Chief Accounting Officer?

Before his new role, Steve Bixler was the Vice President of Financial Accounting at Rite Aid.