Costco (COST) has released an update to notify the public and investors about its officers.
Costco has announced the retirement of its long-serving CFO Richard Galanti, with Gary Millerchip set to take over the position. Millerchip, who has a notable financial background with The Kroger Co., will join Costco with a substantial compensation package including a $900,000 base salary, potential bonuses, and performance-based stock grants worth millions, alongside additional compensation to offset forfeited equity from his previous role.
For further insights into COST corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
