Summary
Costco Wholesale Corporation (COST) announced a significant executive transition in its international operations through an 8-K filing on March 8, 2022. James Murphy, Executive Vice President and Chief Operating Officer, International, will be retiring at the end of 2022. Mr. Murphy has had a long tenure with the company, contributing for over thirty-five years. His departure marks the end of an era for a key leader in Costco's global expansion and operational management.
Key Highlights
- 1Executive Vice President, Chief Operating Officer, International, James Murphy, announced his retirement, effective end of 2022.
- 2Mr. Murphy has served Costco for over 35 years, making significant contributions to the company's success.
- 3Pierre Riel has been promoted to Executive Vice President, Chief Operating Officer, International, effective immediately.
- 4Mr. Riel brings over two decades of experience leading Costco's operations in Eastern Canada.
- 5Mr. Riel has held the position of Senior Vice President, Country Manager - Canada since 2019.
- 6Pierre Riel will report directly to Costco's Chief Executive Officer, Craig Jelinek.
- 7The company expressed gratitude for Mr. Murphy's extensive service and contributions.
Frequently Asked Questions
James Murphy, Executive Vice President and Chief Operating Officer, International, is retiring from Costco. His retirement will be effective at the end of 2022.
Pierre Riel has been promoted to the position of Executive Vice President, Chief Operating Officer, International, replacing Mr. Murphy.
Pierre Riel has extensive experience with Costco, having overseen operations in Eastern Canada for over twenty years and serving as Senior Vice President, Country Manager - Canada since 2019.
Pierre Riel will report directly to Costco's Chief Executive Officer, Craig Jelinek.