Matt Schroeder Named Senior Vice President, Chief Accounting Officer and Treasurer
November 02 2017 - 9:15AM
Business Wire
Brian Hoover Promoted to Group Vice
President and Controller
Rite Aid Corporation (NYSE: RAD) today announced that Matt
Schroeder has been promoted to senior vice president, chief
accounting officer and treasurer, effective immediately. He will
continue to report to Darren Karst, the company’s senior executive
vice president, CFO and chief administrative officer.
Schroeder, who is currently group vice president of strategy,
investor relations and treasurer, is assuming the chief accounting
officer responsibilities from Doug Donley, who is retiring after
more than 20 years with the company.
The company also announced that Brian Hoover, who is currently
vice president of financial accounting, has been promoted to group
vice president and controller, reporting to Schroeder.
“Matt is a highly regarded member of Rite Aid’s management team
who has deep knowledge of our business and the overall retail
healthcare industry,” Karst said. “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 promoted to his current role in 2010. Prior to
joining the company, Schroeder worked for Arthur Andersen, LLP,
where he held several positions of increasing responsibility,
including audit senior and audit manager. He earned his bachelor’s
degree in accounting from Indiana University of Pennsylvania. He
also currently serves as treasurer of The Rite Aid Foundation.
Hoover joined Rite Aid in 1995 as a financial analyst and has
held various accounting positions of increasing responsibility
before being promoted to his current role in 2008. Prior to joining
Rite Aid, Hoover worked for KPMG as a staff auditor. He is a
graduate of the University of Delaware with a bachelor’s degree in
accounting.
“Brian has been a tremendous asset to our team and I am
confident that his talent and leadership will continue to serve our
company well in this new role,” Karst added.
Rite Aid Corporation is one of the nation's leading drugstore
chains with fiscal 2017 annual revenues of $32.8 billion.
Information about Rite Aid, including corporate background and
press releases, is available through the company's website
at www.riteaid.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171102005878/en/
Rite Aid CorporationINVESTORS:Byron Purcell, 717-975-5809or
investor@riteaid.comorMEDIA:Susan Henderson, 717-730-7766
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