PCC Community Markets CEO retiring in 2027

PCC Community Markets President and CEO Krish Srinivasan plans to retire, effective January 29, 2027, the Seattle-based grocery cooperative said Wednesday. Srinivasan will remain in his position while the co-op’s board of trustees searches for his replacement. He will also assist with onboarding his successor.

Srinivasan is preparing to leave after leading the grocer to its strongest annual financial performance in years. When he took over as PCC’s chief executive in early 2022, the co-op was starting a year during which it posted an almost $250,000 operating loss and net sales of $422 million.

But as he gets ready to move on, PCC is in much better fiscal shape, having recently announced that it had income from operations of more than $900,000 and about $488 million in net sales last year. PCC highlighted its financial turnaround when announcing that Srinivasan had decided to retire, observing that he took over as CEO during what it called “one of the most challenging periods in the local and independent co-op’s history.”

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The co-op noted that under Srinivasan’s tenure, PCC more than doubled its membership, strengthened compensation and benefits for its unionized workers and put the grocer on a path toward sustained economic stability. Krish Srinivasan brought strong financial acumen, inspired confidence, and crafted a strategic vision, according to PCC Board Chair Joe Rogoff.

Srinivasan, who moved up to the CEO role after serving as PCC’s CFO since 2018, replaced Suzy Monford as the co-op’s top executive. Monford departed abruptly in 2021 after serving as PCC’s CEO for less than a year. Before joining PCC, Srinivasan worked for companies including Microsoft, Amazon, Lyft, and Remitly, a Seattle-based financial services company.

Srinivasan said in a statement that his decision to retire comes after a lot of personal reflection and thought. For more than eight years, PCC has been where his passion and his sense of purpose found equal voice. He added that he has known for a while that his role at PCC would be his last full-time job, and that he is ready to pass the reins to someone new as he looks ahead to spending more time with family and loved ones.

As Srinivasan prepares to leave, PCC is well-positioned for the next chapter in its leadership. The co-op’s board of trustees will search for a new CEO to take over when Srinivasan retires. Srinivasan will assist with the transition, ensuring a smooth handover of his responsibilities. With its financial foundation stabilized, PCC is poised for continued growth and success under new leadership.

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In practice, this development means that PCC’s members and customers can expect a seamless transition, with the co-op’s operations and services continuing uninterrupted. The new CEO will inherit a strong financial foundation, a loyal membership base, and a committed team of employees. As the co-op looks to the future, it is likely that the new leadership will build on the progress made under Srinivasan’s tenure, driving further growth and innovation in the years to come.

PCC Community Markets has a long history of serving its members and the local community, and Srinivasan’s retirement marks the end of an era. However, with a strong foundation in place, the co-op is ready for its next chapter, and Srinivasan’s legacy will continue to shape the organization’s future. The co-op’s mission to provide high-quality products and services to its members while promoting sustainability and community involvement will remain at the forefront of its operations.

It is a new beginning.