Rite Aid promotes 2 finance vets

CAMP HILL, Pa. — Rite Aid has promoted two of its own financial executives to new positions. The company named Matt Schroeder senior vice president, chief accounting officer and treasurer, and named Brian Hoover group vice president and controller, effective immediately.

Schroeder moves into the new position from his role as the chain’s group vice president of strategy, investor relations and treasurer. Schroeder has been with Rite Aid since 2000 when he joined as vice president of financial accounting, and he has been in his most recent role since 2010. He succeeds Doug Donley, who is retiring after more than 20 years with the company.

“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,” Rite Aid CFO and chief administrative officer Darren 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.”

Hoover was most recently Rite Aid’s vice president of financial accounting. He’s been with the company since 1995, when he joined as a financial analyst, moving through various accounting positions with increasing responsibility until being named to his most recent position in 2008. He previously worked at KPGM as a staff auditor.

“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.