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PEOPLE : Mitchell Lynn Named Price Co. President

By CHRIS KRAUL
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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.

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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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Chris Kraul

Chris Kraul covered South America for the Los Angeles Times from his base in Bogota, Colombia. He joined the paper in 1987 and was business editor of the San Diego edition until it closed in 1992. He then began covering the border and Mexican economies until his assignment to The Times’ Mexico City bureau in 2001. He reopened the paper’s Bogota bureau in 2006. He has also covered the wars in Afghanistan and Iraq. He is a graduate of the University of South Florida and also has been a reporter at the San Jose Mercury News, San Diego Union-Tribune and the San Diego Business Journal.

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