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Rite Aid promotes financial executive

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CAMP HILL, Pa. — Matt Schroeder has been promoted to senior vice president, chief accounting officer and treasurer at Rite Aid Corp.

Rite Aid said Thursday that Schroeder, previously group vice president of strategy, investor relations and treasurer, takes over chief accounting officer duties from Doug Donley, who is retiring after more than 20 years at the company. Schroeder continues continue to report to Darren Karst, senior executive vice president, chief financial officer and chief administrative officer.

“Matt is a highly regarded member of Rite Aid’s management team who has deep knowledge of our business and the overall retail health care industry,” Karst said in a statement. “I am confident we will continue to benefit from Matt’s expertise and leadership in our efforts going forward. We also wish to thank Doug for his significant contributions to the company throughout his career at Rite Aid and wish him well in his future plans.”

Schroeder joined Rite Aid in 2000 as vice president of financial accounting and was appointed group vice president of strategy, investor relations and treasurer in 2010. Before coming to the company, Schroeder worked at Arthur Andersen, LLP, where he held several positions of increasing responsibility, including audit senior and audit manager. He currently serves as treasurer of The Rite Aid Foundation.

Also on Thursday, Rite Aid said vice president of financial accounting Brian Hoover has been promoted to group vice president and controller. He reports to Schroeder.

Hoover started at Rite Aid in 1995 as a financial analyst and has held various accounting positions of rising responsibility before being promoted to vice president of financial accounting in 2008. Before joining Rite Aid, he worked at KPMG as a staff auditor.

“Brian has been a tremendous asset to our team,” Karst stated, “and I am confident that his talent and leadership will continue to serve our company well in this new role.”


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