COO Retirement and New Appointment at Costco

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and Mexico Operations, will retire effective February 2026. Caton Frates, currently the Executive Vice President and COO of the Southwest Division, will be appointed to the role of Senior Executive Vice President, Warehouse Operations - U.S. and Mexico, also effective February 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.