PriceSmart (PSMT) Announces Organizational Changes

PriceSmart, Inc. (NASDAQ: PSMT) announced today that David Price, formerly the Executive Vice President and Chief of Staff to the Interim CEO, has been appointed as Executive Vice President and Chief Transformation Officer, effective immediately. The Company expects this organizational change will promote better collaboration, alignment, and agility within the Company. Several key areas will now report to Mr. Price including Information Technology, PriceSmart.com, and the Project Management Office.

On July 1, 2023, PriceSmart welcomed Wayne Sadin as Chief Information Officer. Mr. Sadin is responsible for overseeing all aspects of the Company's technology systems, data management, cybersecurity, and digital innovation. His focus is on aligning our information technology strategy with our business objectives while fostering a culture of continuous improvement, improving operational efficiencies, and enabling our organization to leverage technology as a strategic advantage.

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