Paul Zikmund Named Rite Aid Group Vice President, Risk and Controls

Rite Aid Corporation (NYSE: RAD) announced today that Paul Zikmund, a risk management professional with nearly 30 years of experience, is joining Rite Aid as group vice president of risk and controls.

In this new position, Zikmund will oversee the risk management program for Rite Aid as well as its subsidiaries, RediClinic, Health Dialog and EnvisionRx. Zikmund will report to Tony Bellezza, Rite Aid senior vice president and chief compliance officer.

“Paul comes to Rite Aid with significant experience in enterprise risk management, having held a variety of positions spanning several industries over the course of his career,” said Bellezza. “His extensive background in organizational compliance, as well as the development and administration of enterprise risk management solutions, will be extremely valuable to Rite Aid as we continue to expand our governance, risk and compliance program.”

Most recently, Zikmund served as director of global ethics and compliance at Bunge, a leading global agribusiness and food company headquartered in White Plains, N.Y., where he was responsible for implementing the Company’s fraud, ethics and compliance risk management programs. Before joining Bunge in 2011, Zikmund held senior positions at Tyco International, Inc., SolomonEdwards and Deloitte & Touche, LLP, serving in a variety of risk management functions.

Zikmund received a bachelor’s degree in administration of justice from the University of Pittsburgh; a master’s of accountancy degree from Auburn University; a master’s of business administration degree from the University of Connecticut and a master’s of business ethics and compliance degree from the New England College of Finance. He also received his certificate in corporate ethics and compliance management (CECM) from Saint Louis University and has served as a board member for several professional associations including the Association of Certified Fraud Examiners and the National Association of Certified Valuation Analysts.

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 2015 annual revenues of $26.5 billion. Information about Rite Aid, including corporate background and press releases, is available through the company's website at www.riteaid.com.

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Rite Aid CorporationINVESTORS:Matt Schroeder, 717-214-8867or [e-mail]:Ashley Flower, 717-975-5718