Rite Aid Names John T. Standley Board Chairman

Rite Aid Corporation

announced that its Board of Directors has elected John T. Standley, who is currently President, Chief Executive Officer and a member of the Company's Board of Directors, to the additional position of Chairman of the Board, effective June 21, 2012 at the Company's annual stockholder meeting. Standley will succeed Mary Sammons, who has served as Chairman since June, 2007, and whose term of service as Chairman, concludes as of the June annual meeting.