CAMP HILL, Pa. Rite Aid on Monday announced two promotions. Chris Hall, formerly SVP strategic business development, was named SVP pharmacy business development. The company also announced that Matt Schroeder, formerly VP financial accounting and treasury, has been promoted to group VP strategy, investor relations and treasurer.
“[Hall] is an invaluable member of our management team and has made many significant contributions to the company,” stated Robert Thompson, Rite Aid EVP pharmacy. “We will continue to reap the benefits of his expertise as he takes on his new role.”
Hall, 45, a veteran of the retail industry with more than 23 years experience, will be responsible for pharmaceutical purchasing analysis, strategy and execution, acquisitions and retail pricing, Rite Aid stated. He will also oversee pharmacy program development, in-store clinics and patient compliance initiatives. Hall will report directly to Thompson.
Hall joined Rite Aid in 2000 as SVP and chief accounting officer. During his tenure at Rite Aid, he has served in both finance and store development positions.
Schroeder, 40, with more than 18 years experience in finance and accounting, will continue to oversee treasury, in addition to now being responsible for investor relations, risk management and planning and business analysis. He reports directly to Frank Vitrano, senior EVP, CFO and chief administrative officer. “Since joining Rite Aid in 2000, [Schroeder] has continually proven to be a valuable asset to the company,” Vitrano said. “His ability and background will undoubtedly play a vital role in our efforts going forward.”