PriceSmart Announces CEO Transition Plan

Core Points - Robert Price will step down as Interim CEO of PriceSmart effective August 31, 2025, transitioning to Executive Chairman of the Board of Directors [1][2] - David Price, currently Executive Vice President and Chief Transformation Officer, will succeed Robert Price as CEO starting September 1, 2025 [1][2] - The transition is part of a succession plan approved by the Board of Directors, ensuring continuity in leadership and company culture [2][3] Company Overview - PriceSmart operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean, with 54 clubs across 12 countries and one U.S. territory [5] - The company plans to open two new warehouse clubs in 2025, one in Cartago, Costa Rica, and another in Quetzaltenango, Guatemala, bringing the total to 56 clubs [5]