Costco Wholesale Corporation
Costco Announces Retirement of CAO and Appointment of New CAO
Summary
On June 10, 2025, Costco Wholesale Corporation announced the retirement of Dan Hines, Senior Vice President, Corporate Controller, and Principal Accounting Officer, effective June 30, 2025. Hines will retire in January 2026 following 35 years of service. Tiffany Barbre has been appointed as the new Senior Vice President, Corporate Controller, and Principal Accounting Officer, effective July 1, 2025. Barbre, who has been with Costco since 2005, will receive an annual base salary of $340,000, eligibility for an annual cash incentive bonus of $100,000, and annual restricted stock unit grants with an estimated target value of $2 million for fiscal 2026.
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About Costco Wholesale Corporation
Costco Wholesale Corporation operates as a membership-only warehouse club, providing a wide selection of merchandise across various categories internationally. As a leading player in the retail sector, Costco emphasizes bulk buying and low prices, offering products ranging from groceries and household items to electronics and apparel. The company is renowned for its efficient operations and minimalistic warehouse design, which contribute to a unique shopping experience aimed at delivering maximum value to its members. Costco serves individual and business members, with operations extending U.S. domestic markets and international regions including Canada, Mexico, and selected Asian countries. With its private label Kirkland Signature, Costco ensures quality products at competitive prices, further strengthening customer loyalty. The company also incorporates ancillary services including gas stations, pharmacies, and optical centers, enhancing its role in consumer lifestyles. Costco's business model focuses on volume sales and membership loyalty, providing resilience against market fluctuations and reinforcing its position as a key influencer in the global retail landscape.
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