Costco Wholesale Corp.

Sector: Miscellaneous General Merchandise Stores Region: WA, United States

Exchange/Ticker: Nasdaq: COST

Company Description

Costco Wholesale Corp. operates membership warehouses based on the concept that offering members low prices on a limited selection of nationally branded and select private-label products in a wide range of merchandise categories. It operates warehouses in the United States, Canada, the United Kingdom, Japan and Australia and through majority-owned subsidiaries in Taiwan and Korea, and its Costco Mexico joint venture. The warehouses are designed to help small-to-medium-sized businesses to reduce costs in purchasing for resale and for everyday business use. Costco's warehouses present exclusive product category selections to be found under a single roof, which include groceries, candy, appliances, television and media, automotive supplies, toys, hardware, sporting goods, jewelry, watches, cameras, books, apparel, health and beauty aids, tobacco, furniture, office supplies and office equipment. It also offers private label Kirkland Signature products, which include juices, cookies, coffee, tires, housewares, luggage, appliances, clothing and detergent. The company also operates self-service gasoline stations at a number of its U.S. and Canadian locations and offers three types of membership: Business, Gold Star and the Executive membership. It changed its name form Costco Cos., Inc. to Costco Wholesale Corp. on August 30, 1999. The company was founded in 1983 by James D. Sinegal and Jeffrey H. Brotman and is headquartered in Issaquah, WA.

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CEO Jim Sinegal

Executives

W. Craig Jelinek, President and CEO

Craig Jelinek assumed the position of President, Chief Operating Officer and Director in February 2010. Prior to being named President by the Board of Directors, he held various senior management positions in Operations and Merchandising, including the position of Executive Vice President and COO of Merchandising since 2004. Prior to joining the Company in 1984, Mr. Jelinek held various management positions with Fed-Mart and Gemco.

Richard A. Galanti, Executive Vice President, Chief Financial Officer

Richard A. Galanti has been a director of the Company since January 1995, and Executive Vice President and Chief Financial Officer of the Company since October 1993. He was Senior Vice President, Chief Financial Officer and Treasurer of the Company from January 1985 to October 1993, having joined as Vice President-Finance in March 1984. From 1978 to February 1984, Mr. Galanti was an Associate with Donaldson Lufkin & Jenrette Securities Corporation.

Joel Benoliel, Senior Vice President, Administration & Chief Legal Officer

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