FX.co ★ Rite Aid Corp. CEO Jeffrey Stein Steps Down, Matt Schroeder Succeeds; Stock Tanks

Rite Aid Corp. (RADCQ) announced on Tuesday that Chief Executive Officer and Chief Restructuring Officer Jeffrey Stein has resigned following the company's emergence from Chapter 11 bankruptcy.

The company also revealed that Chief Financial Officer Matt Schroeder will succeed Stein.

Presently, Rite Aid's stock has dropped significantly by 94.75%, trading at $0.0021 compared to the previous close of $0.400 on the OTC Markets.