- PriceSmart ( NASDAQ: PSMT ) said Friday its CEO Sherry Bahrambeygui will resign, effective February 3, to pursue professional and philanthropic interests.
- The company named Robert Price, founder and chairman, as interim CEO.
- John Hildebrandt, EVPand COO, has been promoted to president and COO.
- Bahrambeygui will continue to serve as a member of the board. She will be available at PriceSmart's ( PSMT ) request for up to 100 hours of transition support during the 12 months after her resignation.
For further details see:
PriceSmart CEO Sherry Bahrambeygui to step down