Matt Lynch Joins Rite Aid as Senior Vice President and Chief Information Officer

CAMP HILL, PA (May 5, 2014) – Rite Aid Corporation (NYSE: RAD) announced today that Matt Lynch, an information technology executive with nearly 30 years’ experience, is joining Rite Aid as senior vice president and chief information officer.

In this position, Lynch will be responsible for all aspects of the company’s technology and information operations, including computer systems, network infrastructure, telecommunications and data security as well as the continued development and execution of Rite Aid’s immediate and long-term information technology strategy. Lynch will report to Frank Vitrano, Rite Aid’s senior executive vice president, chief financial officer and chief administrative officer. Lynch succeeds Don Davis, who is retiring from the company after 14 years of service.

“Matt is a seasoned information technology professional with diverse business systems’ management and deep retail experience,” said Vitrano. “Additionally, his expertise with advanced systems – spanning all key business functions – will be extremely beneficial to Rite Aid as we continue to enhance our information technology and services platforms to help us achieve our dual goals of delivering a superior customer experience and driving continued growth for our company.”

Most recently, Lynch served as senior vice president and chief information officer for DICK’S Sporting Goods, the largest U.S. based full-line omni-channel sporting goods retailer, overseeing the enterprise IT function for all brands and e-commerce businesses. Prior to joining DICK’s Sporting Goods, Lynch held various executive information technology positions at ShopKo Stores Operating Co., LLC, a $3 billion regional retailer based in Green Bay, Wisc., that operates more than 330 stores in 21 states. Earlier in his career, Matt held management positions at American West Airlines, Air Wisconsin Airlines and Runzheimer International, a workforce mobility management consulting firm. Lynch began his career as a software engineer with Sperry Aerospace.

Lynch earned a bachelor’s degree in computer science from Northern Arizona University in Flagstaff, Ariz.

Rite Aid Corporation is one of the nation’s leading drugstore chains with nearly 4,600 stores in 31 states and the District of Columbia and fiscal 2014 annual revenues of $25.5 billion. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

SOURCE: Rite Aid