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Costco's 'voice': The long goodbye

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Richard Galanti retired from the warehouse club on Jan. 30, after pivoting to an advisory role following his departure from the CFO seat he held for roughly four decades.
Richard Galanti, who has been Costco's Chief Financial Officer for nearly four decades, is set to retire at the end of 2023. His departure marks the end of an era for the company, known for its unique business model and customer loyalty. During his tenure, Galanti was instrumental in shaping Costco's financial strategies, including its famous $1.50 hot dog and soda combo price, which he humorously vowed to maintain. His leadership saw Costco through significant growth, navigating economic downturns, and maintaining a strong focus on value for members. Galanti's exit was announced with a light-hearted tone, reflecting his personality and the culture he helped foster at Costco. He will be succeeded by Gary Millerchip, previously the CFO of Kroger, who will take over in March 2024.

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[ https://www.cfodive.com/news/costco-voice-long-goodbye-RichardGalanti/739261/ ]