Former Walmart exec named CFO at PriceSmart

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Former Walmart exec named CFO at PriceSmart

By Gina Acosta - 04/06/2018
PriceSmart operates 40 warehouse clubs in 12 countries and one U.S. territory.

A longtime veteran of Walmart International will become chief executive officer at PriceSmart.

The retailer has named Maarten Jager, 52, as Executive Vice President and Chief Financial Officer effective April 24. Jager will replace John M. Heffner who has served in that role since January 2004 and had previously announced his plans to retire from the company.

Jager currently serves as Senior Vice President of Walmart International, a segment of Walmart Inc., where he has worked since 2014.  

During his tenure at Walmart, he served as Senior Vice President and Chief Financial Officer of Sam's Club from 2015 to 2018 and as Senior Vice President and Chief Financial Officer of its Asia division from 2014 to 2015.  Prior to Walmart, from 2013 to 2014, Jager worked as a consultant to public and private companies and their executives providing guidance on growth, turnaround and organizational effectiveness.  Jager worked 14 years at Booz Allen Hamilton Inc. in varying management and technology consulting positions before devoting six more years to Diageo North America Inc. to oversee many different financial responsibilities.

PriceSmart, headquartered in San Diego owns and operates U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. PriceSmart now operates 40 warehouse clubs in 12 countries and one U.S. territory.

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