PriceSmart has named Sherry Bahrambeygui as CEO, effective immediately.
A director of PriceSmart since November 2011, Bahrambeygui has served as vice chair of the board of directors from 2016 to 2017, during which time she also chaired or was a member of multiple committees, including executive, real estate, compensation and nominating/corporate governance.
Robert Price, executive chairman of PriceSmart, said, “I am pleased to announce that PriceSmart’s board of directors has unanimously selected Sherry Bahrambeygui to be our chief executive officer. Bahrambeygui has been working with PriceSmart in various capacities for 16 years including as a member of the board of directors for the past eight years. During the past two and a half months, while serving as interim CEO, she has visited most major markets and our operations in Miami, Florida where she engaged extensively with executives and employees of all levels. Sherry has demonstrated her ability to set strategic direction for our company and we look forward to her leadership for the benefit of our PriceSmart members, employees and investors.”