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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