PEOPLE : Mitchell Lynn Named Price Co. President
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Mitchell G. Lynn, 42, has been named president of Price Co., the San Diego-based chain of membership discount warehouses.
Price Co. stock was off $1.37 to $36.87 in over-the-counter trading Monday, but analyst Sarah Stack of Bateman Eichler, Hill Richards in Los Angeles discounted a “link between the news announcement and the stock price decline.” Stack said other retail stocks also declined.
Lynn has held various posts at Price since joining it as controller in 1979. Most recently, he was president of Price Club Industries, which includes the chain’s photo processing, optical services, food packaging and other operations.
A certified public accountant, Lynn is a graduate of UCLA. He replaces Robert Price, who will continue as Price Co. chief executive and chairman. Lynn will be given a seat on Price’s board.
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