Membership warehouse club operator PriceSmart Inc. said President, CEO and Director Jose Luis Laparte will resign from the company on Nov. 16. At that time, board member Sherry S. Bahrambeygui will become interim CEO while the company conducts a search for a permanent replacement.
In addition, Chairman of the Board Robert Price will move up to executive chairman, and current board member Leon Janks will become lead director. These leadership changes were announced in conjunction with a presentation of PriceSmart’s year-end results, where the San Diego-based company disclosed 2018 annual revenue of almost $3.2 billion, up around $200 million versus 2017.
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- Jose Luis Laparte
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- Sherry Bahrambeygui
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- Robert Price
