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Rad) (“rite aid” or the “company”) today announced that its board of directors has appointed jeffrey s Stein as chief executive officer (ceo), chief restructuring officer (cro) and a member of the board of directors, effective immediately. Heyward donigan took over as ceo of rite aid in 2019, facing the challenging task of turning around the company's fortunes after a period of financial struggles and the aftermath of the failed merger with walgreens.
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Matt schroeder, who has worked for rite aid for nearly 25 years, is the new ceo The retail pharmacy chain named company veteran matt schroeder as its new ceo. Rite aid corporation has tapped a new ceo to help steer the pharmacy chain out of chapter 11 bankruptcy
Rite aid has emerged from federal bankruptcy protection and will operate as a private company
And it has promoted its cfo, matt schroeder, to chief executive. Rite aid has emerged from chapter 11 bankruptcy Stein has stepped down as ceo, and cfo matt schroeder has been appointed ceo. Rite aid has exited bankruptcy with a new ceo, a smaller store footprint and a lot less debt
