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Stock impact report

Rite Aid's CFO just got the top job—part of a growing trend of finance chiefs becoming CEO [Fortune]

Pineapple Energy Inc. (PEGY) 
Company Research Source: Fortune
Rite Aid announced on Tuesday that it has emerged from federal bankruptcy protection and will operate as a private company. The new chief executive Matt Schroeder, CFO since 2019, joined Rite Aid in 2000 as VP of financial accounting. He succeeds Jeffrey S. Stein, who stepped down as CEO and chief restructuring officer in connection with the company's emergence from Chapter 11. Rite Aid informed me via email on Wednesday afternoon that it has appointed Steve Bixler as acting chief financial officer. Bixler has served as chief accounting officer since January 2023 but has been with Rite Aid since 2001. He has over 22 years of experience in process management, financial leadership and process improvements, particularly in inventory and revenue accounting, according to the company. “Thanks to the dedication of the entire organization, we are beginning our next phase as a transformed company,” Schroeder said in a statement. During his tenure at Rite Aid, he has served in various lead Show less Read more
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