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Costco's CFO Retirement Marks Transition
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Richard Galanti, Costco's 40-year CFO, is retiring to be replaced by Gary Millerchip, Kroger's senior vice president and CFO. Galanti's leadership contributed to the company's growth from $3 billion to $239 billion in sales, with the addition of 874 warehouses globally and an e-commerce presence in several countries.
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How might Gary Millerchip's appointment as Costco's new CFO impact the company's strategic direction?
In what ways might the transition in Costco's leadership affect its competitive position in the retail industry?
What challenges or opportunities could arise from the retirement of Richard Galanti, and how might they be addressed?
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