Rite Aid Corporation Names Matt Schroeder as Chief Executive Officer
Rite Aid (RADCQ) has announced Matt Schroeder as its new Chief Executive Officer following the company's emergence from Chapter 11 bankruptcy. Schroeder, who has been with Rite Aid since 2000 and most recently served as CFO, replaces Jeffrey S. Stein, who has stepped down from his roles as CEO and Chief Restructuring Officer.
Bruce Bodaken, Chair of Rite Aid's Board during the Chapter 11 process, praised Schroeder's leadership and deep understanding of the business. Schroeder expressed his commitment to serving customers and communities, focusing on Rite Aid's potential as a transformed company. Stein, the outgoing CEO, expressed pride in the company's accomplishments and confidence in its future success under Schroeder's leadership.
Rite Aid (RADCQ) ha annunciato Matt Schroeder come nuovo Amministratore Delegato dopo l'uscita della compagnia dal fallimento di Chapter 11. Schroeder, che è con Rite Aid dal 2000 e recentemente ha ricoperto il ruolo di CFO, sostituisce Jeffrey S. Stein, che si è dimesso dalle sue posizioni di CEO e Chief Restructuring Officer.
Bruce Bodaken, Presidente del Consiglio di Amministrazione di Rite Aid durante il processo di Chapter 11, ha elogiato la leadership di Schroeder e la sua profonda comprensione del business. Schroeder ha espresso il suo impegno a servire i clienti e le comunità, focalizzandosi sul potenziale di Rite Aid come azienda trasformata. Stein, il CEO uscente, ha espresso orgoglio per i risultati ottenuti dall'azienda e fiducia nel suo futuro successo sotto la guida di Schroeder.
Rite Aid (RADCQ) ha anunciado a Matt Schroeder como su nuevo Director Ejecutivo tras la salida de la empresa del capítulo 11 de bancarrota. Schroeder, quien ha estado con Rite Aid desde 2000 y recientemente se ha desempeñado como CFO, reemplaza a Jeffrey S. Stein, quien ha renunciado a sus funciones como CEO y Director de Reestructuración.
Bruce Bodaken, presidente de la Junta de Rite Aid durante el proceso del capítulo 11, elogió el liderazgo de Schroeder y su profunda comprensión del negocio. Schroeder expresó su compromiso de servir a los clientes y a las comunidades, enfocándose en el potencial de Rite Aid como una empresa transformada. Stein, el CEO saliente, expresó orgullo por los logros de la empresa y confianza en su futuro éxito bajo el liderazgo de Schroeder.
라이트 에이드 (RADCQ)는 매트 슈로더를 새로운 CEO로 발표했습니다 이는 회사가 챕터 11 파산에서 벗어난 후의 일입니다. 슈로더는 2000년부터 라이트 에이드에 재직해 왔으며 최근 CFO로 근무하였고, 제프리 S. 스타인 CEO 겸 Chief Restructuring Officer를 대신합니다.
챕터 11 과정에서 라이트 에이드 이사회 의장인 브루스 보다켄은 슈로더의 리더십과 사업에 대한 깊은 이해를 칭찬했습니다. 슈로더는 고객과 지역 사회를 위해 봉사하겠다는 의지를 표명하며, 라이트 에이드가 변모된 회사로서의 잠재력에 집중할 것이라고 말했습니다. 퇴임하는 CEO인 스타인은 회사의 성과에 대한 자부심과 슈로더의 리더십 하에 있을 미래 성공에 대한 자신감을 표현했습니다.
Rite Aid (RADCQ) a annoncé Matt Schroeder comme son nouveau Directeur Général suite à la sortie de l'entreprise de la faillite du Chapitre 11. Schroeder, qui est avec Rite Aid depuis 2000 et a récemment occupé le poste de CFO, remplace Jeffrey S. Stein, qui a démissionné de ses fonctions de CEO et de Directeur de Restructuration.
Bruce Bodaken, Président du Conseil d'Administration de Rite Aid pendant le processus du Chapitre 11, a salué le leadership de Schroeder et sa profonde compréhension de l'entreprise. Schroeder a exprimé son engagement à servir les clients et les communautés, en se concentrant sur le potentiel de Rite Aid en tant qu'entreprise transformée. Stein, le CEO sortant, a fait part de sa fierté quant aux réalisations de l'entreprise et de sa confiance dans son succès futur sous la direction de Schroeder.
Rite Aid (RADCQ) hat Matt Schroeder zu seinem neuen CEO ernannt, nachdem das Unternehmen aus dem Chapter-11-Insolvenzverfahren hervorgegangen ist. Schroeder, der seit 2000 bei Rite Aid ist und zuletzt als CFO tätig war, ersetzt Jeffrey S. Stein, der von seinen Ämtern als CEO und Chief Restructuring Officer zurückgetreten ist.
Bruce Bodaken, Vorsitzender des Aufsichtsrats von Rite Aid während des Chapter-11-Prozesses, lobte die Führung von Schroeder und sein tiefes Verständnis für das Geschäft. Schroeder äußerte sein Engagement, den Kunden und den Gemeinschaften zu dienen und fokussierte sich auf das Potenzial von Rite Aid als transformierte Firma. Stein, der scheidende CEO, drückte seinen Stolz auf die Errungenschaften des Unternehmens und sein Vertrauen in den zukünftigen Erfolg unter der Führung von Schroeder aus.
- Appointment of long-term employee Matt Schroeder as CEO, ensuring continuity and deep company knowledge
- Successful emergence from Chapter 11 bankruptcy, indicating financial restructuring
- Recent bankruptcy proceedings may have impacted company's financial stability and market position
Jeffrey S. Stein steps down as Chief Executive Officer and Chief Restructuring Officer
“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.”
“I am honored to lead Rite Aid on its journey as we continue serving our customers and communities,” said Mr. Schroeder. “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.”
“It has been a privilege to serve as CEO and CRO of Rite Aid alongside the best team in the business,” said Mr. Stein. “I am proud of what we accomplished in strengthening the Company’s foundation and believe Rite Aid is well-positioned for future success. I look forward to supporting Matt as he transitions into the CEO role.”
Mr. Bodaken added, “I thank Jeff for his dedication and commitment to guiding the Company through the complex restructuring process. I know Rite Aid is well-positioned for the future because of his expertise, vision and hard work over these past 11 months.”
About Matt Schroeder
Matt Schroeder joined Rite Aid in 2000 as Vice President of Financial Accounting. He has held roles of increasing responsibility at the Company since then, most recently serving as Executive Vice President and Chief Financial Officer since March 2019. In that role, he was responsible for managing the Company’s financial verticals, including financial planning & analysis, financial reporting, treasury and accounting, and led Rite Aid’s store development and procurement functions.
Before joining Rite Aid, Mr. Schroeder worked at Arthur Andersen LLP, where he was an Audit Manager. He holds a bachelor’s degree in accounting from
About Rite Aid
Rite Aid is a full-service pharmacy committed to improving health outcomes. Rite Aid is defining the modern pharmacy by meeting customer needs with a wide range of solutions that offer convenience, including retail and delivery pharmacy, as well as services offered through the Company’s wholly owned subsidiary Bartell Drugs. For more information, please visit www.riteaid.com.
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MEDIA:
Tilda Comstock
(412) 310-1143
press@riteaid.com
Source: Rite Aid Corporation
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