PriceSmart CEO to Step Down, Son Appointed Successor

Dow Jones

03/04

By Katherine Hamilton

PriceSmart's chief executive is stepping down and his son is set to succeed him.

David Price, who has served as chief transformation officer of the warehouse club chain since 2023, is set to become CEO on Sept. 1, PriceSmart said Monday.

He will succeed his father, Robert Price, who has been standing in as interim chief executive for the past two years. Robert Price, 82, told the company he wants to step down and is set to become executive chairman of the board of directors, PriceSmart said. He elected not to receive compensation for the interim role.

David Price has been with the company since July 2017.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

March 03, 2025 16:20 ET (21:20 GMT)

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Robert Price, 82, told the company he wants to step down and is set to become executive chairman of the board of directors, PriceSmart said. He elected not to receive compensation for the interim role. \n</p>\n<p>\n  David Price has been with the company since July 2017. \n</p>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 03, 2025 16:20 ET (21:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4155","symbol_name":"大卖场与超市","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2516666659","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516666659","pubTimestamp":1741036800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"PriceSmart's chief executive is stepping down and his son is set to succeed him.David Price, who has served as chief transformation officer of the warehouse club chain since 2023, is set to become CEO on Sept. 1, PriceSmart said Monday.He will succeed his father, Robert Price, who has been standing in as interim chief executive for the past two years. Robert Price, 82, told the company he wants to step down and is set to become executive chairman of the board of directors, PriceSmart said. He elected not to receive compensation for the interim role.David Price has been with the company since July 2017.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4155":"大卖场与超市","PSMT":"普尔斯玛特"},"translate_title":"PriceSmart首席执行官辞职，儿子任命继任者","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSMT":0.9},"content_text":"By Katherine Hamilton \n\n\n  PriceSmart's chief executive is stepping down and his son is set to succeed him. \n\n\n  David Price, who has served as chief transformation officer of the warehouse club chain since 2023, is set to become CEO on Sept. 1, PriceSmart said Monday. \n\n\n  He will succeed his father, Robert Price, who has been standing in as interim chief executive for the past two years. Robert Price, 82, told the company he wants to step down and is set to become executive chairman of the board of directors, PriceSmart said. He elected not to receive compensation for the interim role. \n\n\n  David Price has been with the company since July 2017. \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 03, 2025 16:20 ET (21:20 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}