PriceSmart (PSMT) announced that Robert Price has notified the Board of Directors of his intention to step down as Interim CEO, effective August 31. David Price, the company’s current Executive Vice President and Chief Transformation Officer and member of the Board of Directors, will become CEO, effective September 1. Robert Price will become Executive Chairman of the Board of Directors. David Price has been with the company since July 2017 and was promoted to Executive Vice President and Chief Transformation Officer in August 2023. He has served as a member of the Board of Directors of the company since February 2022.
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