01—Abstract
Summary
Summary of the 8-K filed June 11, 2025. Cited figures are marked; the original filing is the authoritative source.
Costco Wholesale Corporation (COST) has announced a significant leadership transition within its finance department.
Effective July 1, 2025, Dan Hines will retire from his role as Senior Vice President, Corporate Controller, and Principal Accounting Officer, concluding a distinguished 35-year career with the company. While retiring from his primary officer duties, Mr. Hines will continue in a Senior Vice President capacity until his full retirement in January 2026. Stepping into this critical role is Tiffany Barbre, who has been appointed as the new Senior Vice President, Corporate Controller, and Principal Accounting Officer.
Ms. Barbre, with extensive experience at Costco since 2005, including her recent position as Vice President, Assistant Corporate Controller, brings a deep understanding of the company's financial operations. Her appointment reflects a continuity of internal talent and expertise in financial leadership.
02—Key points
Key Highlights
- Dan Hines retiring as Senior Vice President, Corporate Controller, and Principal Accounting Officer effective June 30, 2025, after 35 years of service.
- Dan Hines will remain a Senior Vice President until his full retirement in January 2026.
- Tiffany Barbre appointed as the new Senior Vice President, Corporate Controller, and Principal Accounting Officer, effective July 1, 2025.
- Tiffany Barbre has been with Costco since 2005, progressing through various finance roles, including Assistant Vice President and Vice President, Assistant Corporate Controller.
- Ms. Barbre's new compensation includes an annual base salary of $340,000.
- Ms. Barbre is eligible for an annual cash incentive bonus of $100,000 (prorated for two months in fiscal 2025).
- Ms. Barbre is eligible for annual restricted stock unit grants with an estimated target value of $2 million for fiscal year 2026.
03—Questions
Frequently Asked Questions
What is the primary change being announced in this 8-K filing?
The primary change is the retirement of Dan Hines as Senior Vice President, Corporate Controller, and Principal Accounting Officer, and the appointment of Tiffany Barbre to fill this role.
When do these leadership changes take effect?
Dan Hines's retirement from his officer duties is effective June 30, 2025, with Tiffany Barbre's appointment effective July 1, 2025.
What is Tiffany Barbre's background and experience with Costco?
Tiffany Barbre has been with Costco since 2005. She has held positions including Assistant Vice President (June 2010) and Vice President, Assistant Corporate Controller (2016). She graduated from Washington State University with a B.A. in Accounting and began her career as an auditor.
What is the compensation package for Tiffany Barbre in her new role?
Ms. Barbre will receive an annual base salary of $340,000, is eligible for an annual cash incentive bonus of $100,000 (prorated for two months in fiscal 2025), and is eligible for annual restricted stock unit grants with an estimated target value of $2 million for fiscal year 2026.
04—Continue