Jeffrey S. Stein steps down as Chief Executive Officer and Chief Restructuring Officer

Rite Aid Corporation ("Rite Aid" or the "Company") today announced that Matt Schroeder has been appointed Chief Executive Officer after the Company's emergence from Chapter 11. Mr. Schroeder joined Rite Aid in 2000 and most recently served as the Company's Chief Financial Officer. He succeeds Jeffrey S. Stein, who has stepped down as Chief Executive Officer and Chief Restructuring Officer in connection with the Company's emergence from Chapter 11.