Frank Ho Named Rite Aid Vice President, Indirect Procurement

CAMP HILL, Pa.--(BUSINESS WIRE)--

Rite Aid Corporation RAD announced today that Frank Ho, currently senior director of indirect procurement, has been promoted to vice president of indirect procurement.

In this position, Ho will oversee the Company's procurement strategy and all related operations, including systems, supplier and contract management. Ho will report to Frank Vitrano, Rite Aid senior executive vice president and chief administrative officer.

"A valued member of Rite Aid's indirect procurement group for nearly seven years, Frank understands the importance of strategic sourcing," said Vitrano. "His knowledge of the Company paired with his purchasing expertise will help Rite Aid meet its long-term cost management goals and we look forward to realizing the additional positive contributions from Frank and the entire indirect procurement team."

Ho is an indirect procurement and purchasing professional with 15 years of experience. Before joining Rite Aid, Ho served as a sourcing and procurement consultant with Accenture, and held various procurement roles at American Express. Ho joined Rite Aid in 2008 as senior manager of indirect procurement before being promoted to his current role in 2013, where he was responsible for maintaining and enhancing the Company's non-merchandise spend management processes.

Ho received a bachelor's degree in mathematics from New York University; a bachelor's degree in engineering from Stevens Institute of Technology in Hoboken, N.J.; and a master's of business administration degree from Columbia University.

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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