Rite Aid Names Matt Schroeder As Chief Executive Officer; Jeffrey S. Stein Steps Down As CEO And Chief Restructuring Officer
Portfolio Pulse from Benzinga Newsdesk
Rite Aid has appointed Matt Schroeder as the new CEO following its emergence from Chapter 11 bankruptcy. Schroeder, who has been with the company since 2000, replaces Jeffrey S. Stein.
September 03, 2024 | 4:08 pm
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Rite Aid has appointed Matt Schroeder as CEO after emerging from Chapter 11 bankruptcy. This leadership change marks a new phase for the company.
The appointment of a new CEO, especially after emerging from Chapter 11, is a significant event for Rite Aid. It suggests a strategic shift and potential stabilization, which could positively impact investor sentiment and the stock price in the short term.
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