Satre ’75 Re-elected to Rite Aid Board of Directors

Philip Satre ’75 was overwhelmingly approved by stockholders for re-election to the Rite Aid Board of Directors. His term will expire in 2010.

Satre is currently a self-employed private investor. Satre served as Chief Executive Officer of Harrah's Entertainment, Inc. from 1993 to January 2003. He was a director of Harrah's from 1988 through 2004, serving as Chairman of the Board of Harrah's since 1997. He presently serves on the boards of directors of the UC Davis School of Law Alumni Association, National Center for Responsible Gaming, The National World War II Museum, the Nevada Cancer Institute, TABCORP Holdings Limited of Australia, Sierra Pacific Resources, and Nordstrom, Inc., and is a trustee of Stanford University.

Rite Aid Corporation is one of the nation's leading drugstore chains and with the recent acquisition of Brooks Eckerd in 2007, has annual revenues of more than $27 billion.