PriceSmart Announces CEO Transition Plan

Robert Price to Step Down as Interim CEO; Will Become Executive Chairman of the Board of Directors David Price Named CEO to Succeed Robert Price

SAN DIEGO, March 3, 2025 /PRNewswire/ -- PriceSmart, Inc. ("PriceSmart" or the "Company") (NASDAQ: PSMT) today announced that Robert Price has notified the Board of Directors of his intention to step down as Interim Chief Executive Officer effective August 31, 2025. David Price, the Company's current Executive Vice President and Chief Transformation Officer and member of the Board of Directors, will become Chief Executive Officer effective September 1, 2025. Robert Price will become Executive Chairman of the Board of Directors.

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